The Nebraska Economic Forecasting Advisory Board meeting on April 25, 2025, highlighted ongoing economic uncertainties while showcasing some positive developments in local communities. Participants expressed cautious optimism about the state’s economic outlook, particularly in Omaha and Kearney, despite concerns over federal policies and tariffs.

Omaha's economic landscape remains stable, with no significant changes reported since February. Board members noted that the community is performing well, but they are deferring major decisions until more clarity emerges regarding the impact of federal chaos, particularly concerning tariffs. The consensus is that by October, a clearer picture of the economic situation will emerge, allowing for more informed forecasting.

In Kearney, recent developments include the opening of a new sportsplex, which has already hosted multiple events, indicating a vibrant local economy. However, challenges persist, particularly in the housing market, where inventory remains low. The number of homes sold has decreased compared to the previous year, exacerbating the housing shortage and driving prices up. This trend is concerning for potential buyers who may face higher property taxes due to rising home values.

The agricultural sector is also feeling the strain of uncertainty, particularly regarding tariffs, which have historically had negative impacts on the industry. While some producers are managing to hold prices steady, the overall sentiment is one of caution as they await more stable conditions.

The construction industry is experiencing mixed signals, with some contractors reporting increased costs and delays due to reliance on overseas materials. Despite these challenges, there is a general belief that the year could still be promising, provided that uncertainties begin to resolve.

Overall, while Nebraska's economy shows resilience in certain areas, the prevailing sentiment among board members is one of caution as they navigate a landscape marked by unpredictability. The next meeting in October is anticipated to provide further insights into the evolving economic conditions.