Unemployment Rate

Unemployment rates listed for Topeka, Lawrence, Manhattan and the Wichita area, measure the entire Metropolitan Statistical Area.  The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force or those actively seeking employment and willing to work.  The unemployment rate for May 2017 was 3.70%, data lags by one month.

Federal Housing Price Index

The Housing Price Index is a broad measure of the movement of single-family housing prices.  It serves as a timely, accurate indicator of house price trends.  This information is specific for the City of Topeka and is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae and Freddie Mac since January 1975.  It is updated on a quarterly basis.  The higher percent increase means higher sales data for housing. 

Building Permits

These are the total number of building permits issued in the City of Topeka year to date.  Building permits are issued for new residential, 3 or more family units, duplexes, new commercial, residential addition, commercial additional and 5 or more family.  They are important to measure the amount of new construction in the community, which in turn increases value to the assessed valuation of the City.  Blue represents residential permits and red represents commercial permits. For the purposes of this report demolition permits have been excluded. Building permits increased in 2017 by 1% over 2016.