Economic Snapshot: Existing home sales dip slightly

Although existing home sales decreased, February’s sales pace is still 5.4 percent above the previous year. 2017 started at the fastest pace of existing home sales in almost a decade. Existing home sales Total existing home sales dropped 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February, down from 5.69 million in …
Boating Industry

Economic Snapshot: Existing home sales at highest pace in over nine years

In addition to high existing home sales, the percentage of first-time buyers is at its highest level in four years. Existing home sales Total existing home sales increased 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June, from a downwardly revised 5.51 million in May. Sales are now up 3.0 percent from June …
Boating Industry

Economic Snapshot: Existing home sales drop in February

Existing home sales dropped in February but are up year over year. Conversely, new home sales were up in February but below sales in February 2015. Existing home sales Total existing home sales dropped 7.1 percent to a seasonally adjusted annual rate of 5.08 million in February, down from 5.47 million in January. However, sales […]
Boating Industry

Economic Snapshot: Existing home sales fall hard in November

Existing home sales dropped to their slowest pace in the past 19 months in November. Prices continue to rise for the 45th month in a row, making it more difficult for first-time buyers to enter the market. Total existing home sales fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November, […]
Boating Industry

Economic Snapshot: Pending home sales reach eight-year high

We have plenty of great economic news to share ahead of the July 4th weekend, including record numbers in pending home sales, a return to 2014 numbers for the ADP employment report and declines in unemployment. Pending home sales  Pending home sales rose 0.9 percent to 112.6 in May, an increase from the slight downward revision of […]
Boating Industry

Economic Snapshot: Small dips in consumer confidence, pending home sales

While consumer confidence and pending home sales both declined this month, both indexes continue to increase year-over-year. The GDP was also revised up from its earlier estimates, which exceeded economists’ expectations. Consumer confidence Consumer confidence dropped to 88.7 in November, down from 94.1 in October. This is the lowest level of optimism since June but […]
Boating Industry

Miami Boat Show names Miami Marine Stadium as a new home for 2016, 2017

MIAMI – The Progressive Insurance Miami International Boat Show and Friends of Miami Marine Stadium announced an agreement that will provide ideal accommodations for the world’s largest boat show while paving the way for the restoration of Miami Marine Stadium – a long-shuttered masterpiece of modern architecture that in 2009 was declared one of America’s most endangered […]
Boating Industry

Economic Snapshot: Home sale numbers could mean slowdown on the way

The latest report of new home sales could portend choppy waters ahead for the housing market. Released today by the Commerce Department, new home sales were down sharply in June to a seasonally adjusted annual rate of 406,000. That was down 8.1 percent from May’s 442,000 and, more importantly, down 11.5 percent from June 2013. […]
Boating Industry