Mainstreet Index: Iowa sees weaker hiring, farmland prices
BUSINESS RECORD STAFF Nov 19, 2015 | 7:56 pm
<1 min read time
113 wordsAll Latest News, Economic DevelopmentHere are some key findings from the 100-point-scale Creighton University Rural Mainstreet Index for November:
- The Iowa index fell to 44.3 from October’s 46.9. Iowa’s farmland price index dropped to 28.6 from 42.5. New hiring also was off, coming in at 50.9 after an October reading of 57.9.
- Retail sales continue to fall.
- Home buying is relative strong.
- Bankers estimate that Dodd-Frank Act oversight of banks has boosted compliance costs by 34 percent in five years.
- Approximately 17 percent of bankers said they have cut back on certain types of loans or stopped making them altogether because of new regulations.
The monthly survey checks in with bank CEOs in a 10-state region that includes Iowa.
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