Welcome to the Buffalo County Economic Pulse report where we break down the latest trends shaping the economic landscape of Kearney and Buffalo County. This interactive snapshot is designed to empower businesses, policymakers, and residents with the insights they need to make informed, data-driven decisions.
Take a look at the data, then skip down to read Trevor's Take.
Trevor's Take:
Trevor Lee, President of the Development Council for Buffalo County
August 2025 Economic Indicators
Buffalo County’s economy continues to show signs of strength—but housing remains a stubborn weak spot that we can’t afford to ignore.
Housing: The Crisis We Can’t Afford to Ignore
Just 32 homes sold in August, down from 40 last year. Year-to-date? 194, a 23% drop. The $325K–$400K range, critical for working families and professionals, remains a dead zone—only 30 homes sold all year.
We’re not just missing sales—we’re missing people and opportunity. Teachers, nurses, and young professionals are looking elsewhere. If we don’t act, the impact will hit our schools, hospitals, and businesses hard.
Some challenges—interest rates, material costs, land availability—are outside local control. And as we explore solutions, we must be careful not to distort the private market or pick winners.
Still, there’s momentum. Public and private stakeholders are showing real interest in working together. The Development Council is building a framework for meaningful dialogue aimed at identifying and removing local barriers—so we can fix what needs fixing, improve what can be improved, and step back where the market is ready to lead.
Development: Imbalanced Progress
Total permits are up—13 in August, 103 year-to-date. That’s movement. But nearly half are for commercial or remodel projects. We’re building—but not necessarily what’s most needed to support workforce and family growth.
Commerce: Holding Strong
Retail and vehicle sales are steady. June retail hit $92.3 million, and vehicle sales jumped to $14.8 million. Consumers still have confidence—and cash.
Lodging: Quiet Climb
Lodging tax revenue hit $183K in July, with $1.1M year-to-date. It’s not flashy, but it’s consistent. Tourism is quietly doing its job—and that stability matters.
Travel: Sky’s the Limit
Enplanements are surging—2,128 in August, nearly double last year. 15,680 year-to-date, up from 8,209. That’s not just growth—it’s momentum.
The Chicago flight conversation is still alive, but let’s be real: it won’t happen without a serious public investment, and I don’t know if we’re in a position to take that step—yet.
Bottom Line
The economy is moving. Travel is booming. Retail is steady. Housing remains our Achilles’ heel—but I’m optimistic. The right pieces are starting to align, and with a unified approach, we can turn the corner—together.
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