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Economic Briefing Room (as of Thu Sep 9 12:34:00 2010 GMT)


Housing Vacancies and Homeownership


http://www.census.gov/hhes/www/housing/hvs/hvs.html

Homeownership Rate (HR)
The homeownership rate in the second quarter 2010 (66.9 percent) was lower than the second quarter 2009 rate (67.4 percent). In the South and West, the homeownership rates were lower than a year ago, while the Northeast and Midwest showed no significant change from corresponding second quarter 2009 rates.

Rental Vacancy Rate (RVR)
The rental vacancy rate in second quarter 2010 (10.6 percent) remained approximately the same as the second quarter 2009 rate (also 10.6 percent).

Homeowner Vacancy Rate (HVR)
The homeowner vacancy rate in second quarter 2010 (2.5 percent) remained approximately the same as the second quarter 2009 rate (also 2.5 percent).

2nd Qtr 2010
(HR): 66.9 percent
2nd Qtr 2009
(HR): 67.4 percent
 

 
 

Counties in South Dakota(SD) - Travel, vacation, real estate, and local resources


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100 largest cities in South Dakota(SD)


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South Dakota(SD) state profile based on FDIC data


South Dakota at a Glance

ECONOMIC INDICATORS (Change from year ago, unless noted)
Employment Growth Rates Q1-10 Q4-09 Q1-09 2009 2008
Total Nonfarm (share of trailing four quarter employment in parentheses) -1.8% -2.3% -1.0% -1.9% 1.2%
  Manufacturing (9%) -7.6% -12.0% -6.2% -11.1% 1.4%
  Other (non-manufacturing) Goods-Producing (5%) -8.8% -8.4% -7.4% -6.9% 0.5%
  Private Service-Producing (66%) -1.4% -1.2% -0.5% -1.1% 1.3%
  Government (19%) 1.6% 1.2% 1.5% 2.0% 0.9%
Unemployment Rate (% of labor force) 4.8% 4.7% 4.6% 4.8% 3.1%
           
Other Indicators Q1-10 Q4-09 Q1-09 2009 2008
Single-Family Home Permits 69.6% 60.2% -41.8% -15.6% -19.8%
Multifamily Building Permits -92.7% 6.4% 228.1% -14.4% -10.2%
Home Price Index -2.9% -0.6% 2.3% 1.1% 3.1%
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level) 2.19 2.07 1.85 2.17 1.72
           
BANKING TRENDS
General Information Q1-10 Q4-09 Q1-09 2009 2008
Institutions (#) 83 83 86 83 87
Total Assets (in millions) 1,245,402 728,075 657,495 728,075 653,166
New Institutions (# < 3 years) 1 1 1 1 1
Subchapter S Institutions 39 38 40 38 39
           
Asset Quality Q1-10 Q4-09 Q1-09 2009 2008
Past-Due and Nonaccrual Loans / Total Loans (median %) 2.26 2.14 3.03 2.14 1.77
Noncurrent Loans / Total Loans (median %) 0.96 0.91 1.28 0.91 0.85
ALLL/Total Loans (median %) 1.48 1.45 1.38 1.45 1.26
ALLL/Noncurrent Loans (median multiple) 1.21 1.13 0.93 1.13 1.58
Net Loan Losses / Total Loans (median %) 0.03 0.25 0.03 0.29 0.15
           
Capital / Earnings Q1-10 Q4-09 Q1-09 2009 2008
Tier 1 Leverage (median %) 10.12 9.99 10.28 9.99 10.14
Return on Assets (median %) 0.90 0.89 0.90 0.75 1.01
Pretax Return on Assets (median %) 1.16 0.99 1.31 1.03 1.25
Net Interest Margin (median %) 4.09 4.19 4.11 4.13 4.18
Yield on Earning Assets (median %) 5.69 5.96 6.04 5.98 6.72
Cost of Funding Earning Assets (median %) 1.55 1.58 1.92 1.77 2.53
Provisions to Avg. Assets (median %) 0.15 0.25 0.11 0.38 0.14
Noninterest Income to Avg. Assets (median %) 0.50 0.58 0.55 0.57 0.61
Overhead to Avg. Assets (median %) 3.00 3.17 2.84 2.98 3.04
           
Liquidity / Sensitivity Q1-10 Q4-09 Q1-09 2009 2008
Net Loans to Assets (median %) 65.3 65.7 66.1 65.7 66.5
Noncore Funding to Assets (median %) 19.7 20.3 20.9 20.3 20.6
Long-term Assets to Assets (median %, call filers) 18.6 17.9 16.1 17.9 14.6
Brokered Deposits (number of institutions) 35 34 31 34 30
  Brokered Deposits to Assets (median % for those above) 3.8 5.6 5.4 5.6 4.0
           
Loan Concentrations (median % of Total Risk-Based Capital) Q1-10 Q4-09 Q1-09 2009 2008
Commercial and Industrial 82.9 82.0 83.1 82.0 86.6
Commercial Real Estate 64.6 63.6 75.0 63.6 62.7
  Construction & Development 8.6 8.1 9.2 8.1 11.7
  Multifamily Residential Real Estate 0.0 0.0 0.0 0.0 0.0
  Nonresidential Real Estate 44.9 42.2 42.6 42.2 41.1
Residential Real Estate 36.9 36.1 37.2 36.1 40.1
Consumer 35.8 36.7 35.5 36.7 39.2
Agriculture 238.1 258.2 242.9 258.2 245.5
           
BANKING PROFILE
Largest Deposit Markets (from 2009 Summary of Deposits) Institutions in Market Deposits ($ millions)       Asset Distribution Institutions
Sioux Falls, SD 35 74,111   < $100 million 50 (60.2% )
Sioux City, IA-NE-SD 34 2,529   $100 million to $250 million 12 (14.5% )
Rapid City, SD 13 1,787   $250 million to $1 billion 14 (16.9% )
  $1 billion to $10 billion 5 (6% )
  > $10 billion 2 (2.4% )
           



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