Buffalo County Economic Pulse | April 2025

15 Apr 2025


News

What's the economic pulse in Buffalo County right now? We'll break it down for you in our monthly Economic Pulse report.

This interactive report is designed to offer valuable insights into the economic health and trends within our Kearney and Buffalo County, empowering businesses, policymakers, and residents to stay informed and make data-driven decisions.

Key Takeaways:

  • Unemployment Rate: While potentially a bit ironic, it's good to see a year-over-year increase in the county's unemployment rate. Typically, a healthy rate ranges between 4% and 6%.
  • Building Permits: Although building permits weren't great in 2024, it's encouraging to see a slight increase in March 2025 compared to the previous year. Setting politics aside, I'm quite confident that the current and planned tariffs will at a minimum delay many projects, at least in the private sector. 
  • Enplanements: Enplanements are the rockstars of our inaugural edition of the Pulse, boasting a jaw-dropping year-over-year increase of 94% in March alone. Year-to-date numbers have nearly doubled compared to this time in 2024, and we expect this trend to keep soaring. This surge is a direct result of the City’s renewed partnership with United, with flights operated by SkyWest. This bodes well for the future of Kearney and our travel industry.
  • Housing Sales: While there are positive aspects to report this month, we must also face the music. March home sales were down 39%, and year-to-date sales have dropped by 31%. This decline isn't due to a lack of homebuyers; not even close. Kearney’s inventory of available homes, especially those sought by first-time buyers in a college town with major employers in manufacturing, education, and healthcare, is nearly non-existent. Of the eight homes currently listed for sale in Kearney in the $250-$350k range, only two have been on the market for less than 100 days. Our excellent amenities, employers, and service providers aren’t the only reason that our daily population swells past 50,000; it's also the critical shortage of housing. This shortage underscores the urgent need for additional housing development.

 

 

April 2025 BC Economic Pulse by Development Council for Buffalo County

About The Author

Trevor Lee's Profile Photo

Trevor Lee

President

Department: Staff

In his role as President, Trevor provides leadership for the Development Council for Buffalo County Board of Directors and staff. He directs much of his focus toward showcasing Buffalo County as a premier location for business location and expansion, facilitating projects, assisting decision-makers in order to grow jobs and the tax base, and engaging public and private sector leadership to best position Buffalo County for continued success.

Trevor holds a bachelor's degree in Political Science from the University of Nebraska and a master's degree in Urban & Regional Planning from the University of Colorado. Before leading the Development Council, Trevor spent ten years as the lead economic development director in Beatrice, Ord, and Ravenna, Nebraska. Trevor has and continues to serve on a number of boards across Nebraska and the Midwest, including the Heartland Economic Development board and as President of the Nebraska Economic Developers Association.

Trevor and his wife Amy are both natives of southwest Nebraska and have three children. If you see Trevor outside of work, you are probably one of his hunting or fishing partners, as he loves pursuing wild game and spending time outdoors with his family.

trevor@growbuffalocounty.com

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