{
  "kind": "consulting",
  "region": "Middle Tennessee - Capital and Growth indicators",
  "labelNote": "Cost of capital, CRE credit standards, and county population / permits / wages. Does not duplicate residential listing or MSA commercial chart metrics.",
  "generatedAt": "2026-10-05T16:21:23-05:00",
  "defaultCounty": "rutherford",
  "asOf": {
    "dgs10": "2026-10-05",
    "dprime": "2026-10-01",
    "sofr": "2026-10-02",
    "sloosCreTightening": "2026-07-01",
    "countyPopulation": "2025",
    "countyPermits": "2025",
    "countyWages": "2025-Q3"
  },
  "kpis": {
    "dgs10": {
      "value": 5.31,
      "display": "5.31%",
      "asOf": "2026-10-05",
      "label": "10-yr Treasury yield",
      "seriesId": "DGS10"
    },
    "dprime": {
      "value": 7.0,
      "display": "7.00%",
      "asOf": "2026-10-01",
      "label": "Bank prime loan rate",
      "seriesId": "DPRIME"
    },
    "sofr": {
      "value": 3.88,
      "display": "3.88%",
      "asOf": "2026-10-02",
      "label": "SOFR",
      "seriesId": "SOFR"
    },
    "sloosCreTightening": {
      "value": -3.7,
      "display": "-3.7%",
      "asOf": "2026-07-01",
      "label": "Net % banks tightening CRE C&D standards",
      "seriesId": "SUBLPDRCSC",
      "note": "Fed Senior Loan Officer Opinion Survey (SLOOS). Negative = net easing."
    },
    "rutherfordPopGrowth": {
      "value": 1.65,
      "display": "+1.65% YoY",
      "population": 386352,
      "populationDisplay": "386,352",
      "asOf": "2025",
      "label": "Rutherford population growth YoY",
      "seriesId": "TNRUTH0POP"
    },
    "rutherfordPermits": {
      "value": 3169,
      "display": "3,169",
      "asOf": "2025",
      "yoyPct": -7.34,
      "label": "Rutherford housing units permitted",
      "seriesId": "BPPRIV047149"
    },
    "rutherfordWage": {
      "value": 1312,
      "display": "$1,312",
      "asOf": "2025-Q3",
      "yoyPct": 6.3,
      "label": "Rutherford avg weekly wage",
      "source": "BLS QCEW"
    }
  },
  "counties": [
    {
      "key": "rutherford",
      "name": "Rutherford",
      "fips": "47149",
      "population": {
        "valueThousands": 386.352,
        "value": 386352,
        "display": "386,352",
        "asOf": "2025",
        "yoyPct": 1.65,
        "seriesId": "TNRUTH0POP",
        "label": "Rutherford population"
      },
      "permits": {
        "value": 3169,
        "display": "3,169",
        "asOf": "2025",
        "yoyPct": -7.34,
        "seriesId": "BPPRIV047149",
        "label": "Rutherford housing units permitted"
      },
      "avgWeeklyWage": {
        "value": 1312,
        "display": "$1,312",
        "asOf": "2025-Q3",
        "yoyPct": 6.3,
        "label": "Rutherford avg weekly wage (QCEW)",
        "source": "BLS QCEW"
      }
    },
    {
      "key": "williamson",
      "name": "Williamson",
      "fips": "47187",
      "population": {
        "valueThousands": 272.061,
        "value": 272061,
        "display": "272,061",
        "asOf": "2025",
        "yoyPct": 1.33,
        "seriesId": "TNWILL0POP",
        "label": "Williamson population"
      },
      "permits": {
        "value": 1621,
        "display": "1,621",
        "asOf": "2025",
        "yoyPct": -18.71,
        "seriesId": "BPPRIV047187",
        "label": "Williamson housing units permitted"
      },
      "avgWeeklyWage": {
        "value": 1600,
        "display": "$1,600",
        "asOf": "2025-Q3",
        "yoyPct": 3.8,
        "label": "Williamson avg weekly wage (QCEW)",
        "source": "BLS QCEW"
      }
    },
    {
      "key": "wilson",
      "name": "Wilson",
      "fips": "47189",
      "population": {
        "valueThousands": 175.033,
        "value": 175033,
        "display": "175,033",
        "asOf": "2025",
        "yoyPct": 2.76,
        "seriesId": "TNWILS0POP",
        "label": "Wilson population"
      },
      "permits": {
        "value": 1982,
        "display": "1,982",
        "asOf": "2025",
        "yoyPct": 2.85,
        "seriesId": "BPPRIV047189",
        "label": "Wilson housing units permitted"
      },
      "avgWeeklyWage": {
        "value": 1177,
        "display": "$1,177",
        "asOf": "2025-Q3",
        "yoyPct": 9.1,
        "label": "Wilson avg weekly wage (QCEW)",
        "source": "BLS QCEW"
      }
    },
    {
      "key": "sumner",
      "name": "Sumner",
      "fips": "47165",
      "population": {
        "valueThousands": 215.538,
        "value": 215538,
        "display": "215,538",
        "asOf": "2025",
        "yoyPct": 1.58,
        "seriesId": "TNSUMN5POP",
        "label": "Sumner population"
      },
      "permits": {
        "value": 3045,
        "display": "3,045",
        "asOf": "2025",
        "yoyPct": 71.26,
        "seriesId": "BPPRIV047165",
        "label": "Sumner housing units permitted"
      },
      "avgWeeklyWage": {
        "value": 1175,
        "display": "$1,175",
        "asOf": "2025-Q3",
        "yoyPct": 6.8,
        "label": "Sumner avg weekly wage (QCEW)",
        "source": "BLS QCEW"
      }
    },
    {
      "key": "maury",
      "name": "Maury",
      "fips": "47119",
      "population": {
        "valueThousands": 118.131,
        "value": 118131,
        "display": "118,131",
        "asOf": "2025",
        "yoyPct": 3.21,
        "seriesId": "TNMAUR0POP",
        "label": "Maury population"
      },
      "permits": {
        "value": 1408,
        "display": "1,408",
        "asOf": "2025",
        "yoyPct": -15.79,
        "seriesId": "BPPRIV047119",
        "label": "Maury housing units permitted"
      },
      "avgWeeklyWage": {
        "value": 1260,
        "display": "$1,260",
        "asOf": "2025-Q3",
        "yoyPct": 6.1,
        "label": "Maury avg weekly wage (QCEW)",
        "source": "BLS QCEW"
      }
    },
    {
      "key": "davidson",
      "name": "Davidson",
      "fips": "47037",
      "population": {
        "valueThousands": 745.904,
        "value": 745904,
        "display": "745,904",
        "asOf": "2025",
        "yoyPct": 1.26,
        "seriesId": "TNDAVI5POP",
        "label": "Davidson population"
      },
      "permits": {
        "value": 5632,
        "display": "5,632",
        "asOf": "2025",
        "yoyPct": -18.14,
        "seriesId": "BPPRIV047037",
        "label": "Davidson housing units permitted"
      },
      "avgWeeklyWage": {
        "value": 1610,
        "display": "$1,610",
        "asOf": "2025-Q3",
        "yoyPct": 5.7,
        "label": "Davidson avg weekly wage (QCEW)",
        "source": "BLS QCEW"
      }
    }
  ],
  "skipped": [
    "ACS median household income skipped (Census API key required from this environment).",
    "Optional rezoning pipeline skipped (not machine-readable)."
  ],
  "sources": [
    {
      "id": "DGS10",
      "title": "Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity",
      "url": "https://fred.stlouisfed.org/series/DGS10",
      "provider": "FRED (Federal Reserve Bank of St. Louis)",
      "note": "Also refreshed from U.S. Treasury daily yield curve when FRED CSV is unreachable."
    },
    {
      "id": "DPRIME",
      "title": "Bank Prime Loan Rate",
      "url": "https://fred.stlouisfed.org/series/DPRIME",
      "provider": "FRED (Federal Reserve Bank of St. Louis)"
    },
    {
      "id": "SOFR",
      "title": "Secured Overnight Financing Rate",
      "url": "https://fred.stlouisfed.org/series/SOFR",
      "provider": "FRED (Federal Reserve Bank of St. Louis)",
      "note": "Also refreshed from NY Fed markets API when FRED CSV is unreachable."
    },
    {
      "id": "SUBLPDRCSC",
      "title": "Net Percentage of Domestic Banks Tightening Standards for CRE Loans (Construction and Land Development)",
      "url": "https://fred.stlouisfed.org/series/SUBLPDRCSC",
      "provider": "FRED (Federal Reserve Bank of St. Louis)",
      "note": "Fed Senior Loan Officer Opinion Survey (SLOOS)."
    },
    {
      "id": "Census-PEP-via-FRED",
      "title": "County resident population (Census estimates via FRED)",
      "url": "https://fred.stlouisfed.org/categories/27281",
      "provider": "U.S. Census Bureau via FRED",
      "note": "Series: TNRUTH0POP, TNWILL0POP, TNWILS0POP, TNSUMN5POP, TNMAUR0POP, TNDAVI5POP"
    },
    {
      "id": "Census-BPS-via-FRED",
      "title": "New private housing structures authorized by building permits (county)",
      "url": "https://fred.stlouisfed.org/categories/32071",
      "provider": "U.S. Census Bureau Building Permits Survey via FRED",
      "note": "Series: BPPRIV047149, BPPRIV047187, BPPRIV047189, BPPRIV047165, BPPRIV047119, BPPRIV047037"
    },
    {
      "id": "BLS-QCEW",
      "title": "Quarterly Census of Employment and Wages - average weekly wage (total covered)",
      "url": "https://www.bls.gov/cew/",
      "provider": "U.S. Bureau of Labor Statistics",
      "note": "County area CSVs; ownership=0 industry=10 (Total, all industries)."
    },
    {
      "id": "US-Treasury-YC",
      "title": "Daily Treasury Par Yield Curve Rates",
      "url": "https://home.treasury.gov/resource-center/data-chart-center/interest-rates",
      "provider": "U.S. Department of the Treasury"
    },
    {
      "id": "NYFed-SOFR",
      "title": "Secured Overnight Financing Rate (SOFR)",
      "url": "https://www.newyorkfed.org/markets/reference-rates/sofr",
      "provider": "Federal Reserve Bank of New York"
    }
  ]
}