- Jackson man to cast electoral vote for Trump; others trying to dissuade him (11/29/16)51
- Man killed by vehicle had been charged with domestic assault (11/30/16)
- Former Cape council member dies, remembered as 'wonderful public servant' (11/29/16)1
- Hotel chain president: City should regulate short-term lodging (11/27/16)16
- Woman accused in three robberies disguised herself as man (11/29/16)5
- Post-election taunts reported at Jackson schools (12/2/16)24
- Officers: Delta man dies during domestic dispute (11/28/16)1
- Business notebook: New store shows faith in Scott City district (11/28/16)
- Missouri chamber to honor Cape's John Mehner (11/30/16)6
- Men who pulled father, son from burning car near Naylor honored by highway patrol (12/1/16)
When the U.S. economy weakened six years ago, Missouri was among the states that felt the impact during the first wave. But the Cape Girardeau area's jobless rate stayed low and retail sales continued to grow. By the time the rest of the nation began to recover, Missouri lagged behind. And this area saw some weakening in sales.
Now another trend indicates that new-home sales are softening in the Midwest, even though sales nationwide showed healthy gains. But new-home sales in the Cape Girardeau area remain strong, according to builders and real estate companies. Why? As one real estate agent put it, this area has a better economy, lower property taxes and better schools -- all significant factors when buyers are considering new-home purchases.
There are also benefits from a broad-based economy. Unlike other areas that depend on a single manufacturing segment or high-tech industries that sputter out, the Cape Girardeau area is blessed with several strong economic components: retail, manufacturing, education and medical services.
Thanks to this base, which tends to set its own pace rather that strictly mimic statewide or national trends, the Cape Girardeau area is able to support a solid housing market, which keeps new-home sales on the rise.
Last year, Cape Girardeau, Jackson and Scott City all had increases in new single-family homes -- a 27 percent increase overall. That a good sign not only for homebuilders and real estate companies, but for the area's overall economic strength.