Published on: June 02, 2020
BY TED C. JONES, PH.D.
Controlling the spread of Coronavirus is going to continue to impact both health and economic aspects of life. The growth rate (or decline) of the Coronavirus infection rate varies significantly across the country. Once again the TINSTAANREM axiom is invoked — There Is No Such Thing As A National Real Estate Market or economy. The same is true regarding the ebb and flow of infection rate the latest pandemic.
To identify where Coronavirus is growing (or contracting) the most at this time, 24/7 Wall Street analyzed state data across several Coronavirus metrics including:
The following table shows the 10 states having had the most and least average number of new cases daily from May 18th to the 25th, based on new cases per 100,000 people. This allows an apples-to-apples comparison between states of differing populations.
The next tables show the 10 states with the most and fewest confirmed cases of Coronavirus per 100,000 people. While there are several more densely populated states in the top list, also included is North Dakota which has just 11 people per square mile, sharing the fourth least dense population rank with neighboring South Dakota. In comparison, while North Dakota has seen 2,457 confirmed Coronavirus cases per 100,000 people, South Dakota notched just one-fifth that number at 520. That makes the level of Coronavirus incidence in South Dakota 0.52 percent compared to 2.46 percent in North Dakota.
Just one state in the ranking of the fewest confirmed cases per 100,000 people has a density of more 100 people per square mile – Hawaii. Like Alaska, Hawaii is more access restricted. The Hawaii Islands have maintained a mandatory 14-day quarantine period for all those arriving after March 26th, 2020. People arriving must stay in quarantine at home or a hotel – though there are exceptions for those arriving by boat that have been on the ocean with stops in the past two weeks.
The states with the most and fewest number of deaths per 100,000 people in seven days from May 18th to 25th are shown in the following tables.
Metrics for all 50 states are shown in the last table.
To read the 24/Wall Street report click https://247wallst.com/special-report/2020/05/28/states-where-the-virus-is-growing-the-fastest-right-now-5/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_campaign=DailyNewsletter&utm_content=MAY292020a
Still unknown regarding the Coronavirus:
As I wrote in the Stewart Blog this week,
“This Coronavirus driven recession will not be over until we can sit on a crowded airplane, walk into a packed elevator or attend a popular sporting event without concern.”
I do believe that the longer that time passes until the economy revs back up, the smaller the economy will be as permanent business closings and bankruptcies will continue to grow.