Leading, Slipping, Gaining, Lagging Analysis:
Assessing Real Estate and Rental and Leasing Employment Growth
Across Pennsylvania Counties
Real Estate and Rental and Leasing
Employment Growth
County vs Statewide Average: 2010-2017 and 2017
Real Estate and Rental and Leasing
Employment Growth
Pennsylvania:
2010-2017 = 2.67%
2017 = 2.44%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real estate and rental and leasing employment growth across all of Pennsylvania's 67 counties. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this Pennsylvania Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real estate and rental and leasing employment growth of Pennsylvania's 67 counties over the latest available year (2017) against the backdrop of their growth over the long term period (2010-2017). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real Estate and Rental and Leasing
Employment Growth
County vs Statewide Average: 2010-2017 and 2017
Real Estate and Rental and Leasing
Employment Growth
Pennsylvania:
2010-2017 = 2.67%
2017 = 2.44%
This figure displays the 67 counties of Pennsylvania as dots on a scattergram, with the vertical axis representing the average annual real estate and rental and leasing employment growth rate over the long-term period (2010-2017), and the horizontal axis representing the real estate and rental and leasing employment growth rate for the near-term (2017).
This figure sets apart those counties whose long-term real estate and rental and leasing employment growth exceeded the statewide average of 2.67%, by portraying them in the top two quadrants demarcated at 2.67% on the vertical axis. County whose long-term average annual real estate and rental and leasing employment growth rate trailed the statewide average (2.67%) are distributed in the bottom two quadrants. In all, 32 counties surpassed the statewide average over 2010-2017, while 32 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 32 counties whose most recent (2017) real estate and rental and leasing employment growth rate exceeded the statewide average (2.44%). The two quadrants on the left feature those 32 counties whose real estate and rental and leasing employment growth over 2017 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 67 counties corresponding with their long-term (2010-2017) and near-term (2017) performance relative to their respective statewide averages of 2.67% over 2010-2017 and 2.44% over 2017:
Leading counties () (top-right quadrant)...are counties whose average annual real estate and rental and leasing employment growth rate surpassed the statewide average both long-term (2.67%) and near-term (2.44%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real estate and rental and leasing employment growth rate exceeded the statewide average (2.67%), but whose near-term growth has "slipped" by falling below the Pennsylvania average (2.44%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real estate and rental and leasing employment growth rate fell below the statewide average (2.67%), but whose near-term growth has "gained" by registering above the average (2.44%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real estate and rental and leasing employment growth rate fell under the statewide average both long-term (2.67%) and near-term (2.44%).
   
 
Summary of Pennsylvania's 67 County Totals
 
Short Term Average
 
 
Below
(2.44%)
Above
(2.44%)
 
Long
Term
Average
Above
(2.67%)
14
18
32
Below
(2.67%)
18
14
32
 
32
32
64
 
   
Leading Counties
2017 vs. 2010-2017 Averages
Leading Counties
Pennsylvania:
2010-2017 = 2.67%
2017 = 2.44%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Pennsylvania counties classified as Leading. These counties surpassed Pennsylvania's average annual real estate and rental and leasing employment growth both long-term (2010-2017 = 2.67%) as well as near-term (2017 = 2.44%). Each is identified by its corresponding ranking based on it's average annual real estate and rental and leasing employment growth rate over 2010-2017.
Of Pennsylvania's 67 counties, 18 (27%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2017 vs. 2010-2017 Averages
Slipping Counties
Pennsylvania:
2010-2017 = 2.67%
2017 = 2.44%
This figure depicts the distribution of the 14 Pennsylvania counties classified as Slipping (top-left quadrant), in that their long-term average annual real estate and rental and leasing employment growth rate outpaced the average statewide (2010-2017 = 2.67%), while they trailed the statewide average near-term (2017 = 2.44%). Again, each county is identified by it's corresponding ranking based on its average annual real estate and rental and leasing employment growth rate over 2010-2017.
Observe that 14 (21%) of Pennsylvania's 67 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Gaining Counties
2017 vs. 2010-2017 Averages
Gaining Counties
Pennsylvania:
2010-2017 = 2.67%
2017 = 2.44%
This figure shows the distribution of the 14 Pennsylvania counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real estate and rental and leasing employment growth rate posted below the average statewide (2010-2017 = 2.67%), while they outpaced Pennsylvania's average near-term (2017 = 2.44%). Again, each county is identified by its corresponding ranking based on its average annual real estate and rental and leasing employment growth rate over 2010-2017.
Of Pennsylvania's 67 counties, 21% (14) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2017 vs. 2010-2017 Averages
Lagging Counties
Pennsylvania:
2010-2017 = 2.67%
2017 = 2.44%
This figure depicts the distributions of the 18 Pennsylvania counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real estate and rental and leasing employment growth both long-term (2010-2017 = 2.67%) as well as near-term (2017 = 2.44%). Again, each county is identified by its corresponding ranking based on it's average annual real estate and rental and leasing employment growth rate over 2010-2017.
27% of Pennsylvania's counties, 18 of 67, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Pennsylvania
Real Estate and Rental and Leasing Employment Growth
County vs. Statewide Average
 
2010-2017
 
2017
 
 
Leading Counties
 
5
5.53
 
31
2.50
698
 
23
3.24
 
16
2.86
2,628
 
22
3.28
 
9
3.42
574
 
13
3.70
 
11
3.21
4,399
 
16
3.58
 
13
2.93
4,113
 
4
5.55
 
1
6.47
510
 
19
3.46
 
12
3.20
452
 
26
3.10
 
3
4.97
1,056
 
28
3.07
 
25
2.58
2,387
 
20
3.42
 
24
2.60
9,004
 
27
3.08
 
10
3.32
6,066
 
31
2.73
 
26
2.55
40,622
 
15
3.64
 
32
2.44
32,951
 
14
3.68
 
20
2.67
154
 
2
7.75
 
5
4.57
732
 
7
5.19
 
2
4.99
547
 
6
5.40
 
7
3.62
6,207
 
8
5.05
 
14
2.91
459
Slipping Counties
 
9
4.64
 
64
-0.11
2,703
 
1
9.53
 
41
2.04
1,001
 
21
3.41
 
56
0.98
617
 
30
2.90
 
53
1.23
985
 
29
2.91
 
54
1.20
336
 
17
3.57
 
62
0.00
144
 
11
4.60
 
38
2.22
369
 
25
3.20
 
39
2.17
13,561
 
12
3.79
 
34
2.41
1,532
 
3
6.17
 
49
1.61
2,532
 
24
3.21
 
55
1.19
595
 
10
4.64
 
37
2.23
688
 
18
3.48
 
47
1.62
1,003
 
32
2.72
 
40
2.06
6,431
Gaining Counties
 
50
1.78
 
22
2.65
1,550
 
49
1.79
 
15
2.86
21,036
 
46
1.91
 
6
4.16
1,753
 
34
2.61
 
29
2.51
20,158
 
53
1.38
 
19
2.78
1,110
 
44
2.06
 
18
2.82
5,876
 
38
2.45
 
27
2.54
16,044
 
43
2.07
 
8
3.49
2,582
 
63
-0.33
 
23
2.63
351
 
62
-0.07
 
4
4.89
3,391
 
61
0.41
 
28
2.54
202
 
47
1.90
 
17
2.85
6,282
 
60
0.47
 
21
2.66
888
 
48
1.84
 
30
2.51
9,487
Lagging Counties
 
37
2.46
 
43
1.88
35,974
 
39
2.31
 
33
2.43
8,047
 
45
1.91
 
59
0.49
1,028
 
56
0.97
 
60
0.47
429
 
57
0.95
 
45
1.74
994
 
54
1.28
 
46
1.73
6,470
 
51
1.74
 
51
1.48
4,449
 
36
2.53
 
57
0.89
1,701
 
33
2.61
 
52
1.34
528
 
40
2.25
 
44
1.75
4,183
 
35
2.53
 
63
-0.06
1,545
 
52
1.64
 
58
0.79
381
 
58
0.72
 
42
1.92
1,062
 
41
2.18
 
36
2.27
496
 
64
-1.10
 
48
1.61
1,138
 
42
2.17
 
50
1.52
1,872
 
55
1.23
 
35
2.29
581
 
59
0.67
 
61
0.29
340
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
 
 
 
 
 
 
 
 
2.67
 
2.44
308,227
 
 
 
 
 
 
 
 
 
2.46
 
2.68
9,105,900
November 2018
REAP_PI_CA1500N_511100_LSGL
 
   
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