DFX Intelligence Observatory

DFX Business Weather: temperature and momentum for 25 US metros

DFX Business Weather across 25 US metrosSeattle68▲ 4.4Portland38▬ 1.0San Franci…34▬ -2.1San Jose75▲ 7.8Los Angeles57▼▼ -14.6San Diego72▬ -1.7Salt Lake …59▬ -1.9Denver62▬ -2.3Phoenix62▼▼ -11.6Minneapolis65▲ 7.0Chicago61▼▼ -10.1Detroit57▬ 2.9Dallas70▼▼ -13.5Austin59▼▼ -8.7Houston67▼▼ -10.3Nashville68▬ -2.2Atlanta81▼▼ -13.5Charlotte74▼▼ -12.2Raleigh91▬ -0.8Washington…55▲▲ 9.7Philadelph…83▼ -7.2New York77▼ -4.7Boston61▲▲ 17.4Tampa71▲ 4.9Miami34▼▼ -18.0
Hottest markets
MarketTempWeatherMomentum
Raleigh91hot▬ -0.8
Philadelphia83hot▼ -7.2
Atlanta81cooling fast▼▼ -13.5
New York77warm▼ -4.7
San Jose75warm▲ +7.8
Charlotte74cooling fast▼▼ -12.2
San Diego72warm▬ -1.7
Tampa71warm▲ +4.9

Source: U.S. Bureau of Labor Statistics (employment, unemployment, labour force) and U.S. Census Bureau (building permits), via Federal Reserve Bank of St. Louis (FRED). Retrieved August 25, 2026. Analysis by DFX Intelligence.

dfxintel.com/observatory