Elkhart Back in National Spotlight…in a Good Way

Monday, November 1st 2021, 6:59 AM EDT
Updated: Monday, November 1st 2021, 7:02 AM EDT
By Alex Brown, Assistant Managing Editor

Inside INdiana Business

ELKHART – In 2009, Elkhart was thrust into the national spotlight when President Barack Obama visited northern Indiana. The reason? Elkhart County had the highest unemployment rate in the nation and was positioned as ground zero for the nation’s economic woes. Elkhart is in the national spotlight again, this time topping an index from The Wall Street Journal of the nation’s best communities for housing price appreciation and lifestyle amenities. It is the latest in a series of positive news for Elkhart, including a $200 million investment from Amazon for a distribution center and 1,000 jobs and hundreds of millions of dollars of investment downtown and in the city’s River District.

“The downtown and the community is much more vibrant and there are a lot of nice amenities here in Elkhart County that we’d love to show off,” said Chris Stager, president of the Economic Development Corporation of Elkhart County.

Stager talked about Elkhart’s momentum on this weekend’s edition of Inside INdiana Business with Gerry Dick.

The RV capital of the world continues to ride a resurgence of the sector. The RV Industry Association says third quarter shipments increased more than 32 percent compared to the same period a year earlier, its best quarter on record.

But the region is also seeing success in other areas.

In October, Amazon (Nasdaq: AMZN) announced plans to invest about $200 million and add 1,000 jobs at an Elkhart e-commerce fulfillment center and a 180,000-square-foot delivery station.

Also in October, Elkhart-based Ranger Distribution Inc. broke ground on a nearly 70,000-square-foot expansion of its warehouse and production facilities that will nearly triple the size of its northern Indiana operation.

Elkhart is also continuing to invest in improvements in its downtown, recently cutting the ribbon on a $23 million renovation of the nearly 100 year-old Hotel Elkhart, a boutique property that is of Hilton’s Tapestry Collection of hotels.

Source: https://www.insideindianabusiness.com/story/45097957/elkhart-back-in-national-spotlightin-a-good-way

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RV Capital of America Tops WSJ/Realtor.com Housing Index in Third Quarter

Index ranks cities for appreciating housing markets and lifestyle amenities

Small U.S. cities dominated The Wall Street Journal/Realtor.com Emerging Housing Markets Index in the third quarter, as high housing costs and remote-work opportunities drive many home buyers to seek out more living and outdoor space.

The housing boom sparked by Covid-19 has been widespread, with prices surging in major metro areas and small towns alike. While the number of home sales has moderated in recent months, demand continues to outpace the supply of homes on the market.

Many smaller metro areas around the U.S. benefited in the past year from inward migration, as residents of bigger cities took advantage of remote work to seek cheaper housing and a different lifestyle. Vacation destinations also boomed.

Elkhart, Ind., which bills itself as the RV capital of the world because its region is the country’s leading manufacturer of recreational vehicles, topped the housing index this quarter, followed by Rapid City, S.D., Topeka, Kan., Raleigh, N.C., and Jefferson City, Mo.

Read Full Article: https://www.wsj.com/articles/rv-capital-of-america-tops-wsj-realtor-com-housing-index-in-third-quarter-11634635802

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