Economic Snapshot: Consumer confidence at highest level in 16 years

Following a trend over the last few months of soaring consumer confidence, the index is now at its highest level since December 2000. Consumer confidence Consumer confidence increased from 116.1 in February to 125.6 in March. The Present Situation Index rose from 134.4 to 143.1 and the Expectations Index increased from 103.9 to 113.8. The …
Boating Industry

Bennett Brothers Yachts celebrates 30 years

Wilmington, N.C.-based Bennett Brothers Yachts is celebrating 30 years this month. Founded by Paul and Patricia Bennett in 1986 in Stamford, Conn. and relocating to the Cape Fear River area of Wilmington in 1989, they worked together to grow the company’s reputation. Bennett Brothers Yachts builds custom power and sailing yachts, restorations and repairs that serve  U.S. …
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

Miami-Dade’s first residential marina in 20 Years opens

The new full-service marina at Marina Palms Yacht Club & Residences has officially opened, marking Miami-Dade County’s first luxury residential marina and yacht club development in over 20 years. “This milestone marks more than the opening of a new marina. It’s an accomplishment of meeting our customers’ demands for a product that serves luxury residential […]
Boating Industry

Volvo reaches energy efficiency goal five years ahead of schedule

CHESAPEAKE, Va. – Volvo Group North America achieved its goal of reduced energy consumption in the U.S. Department of Energy (DOE) Better Buildings, Better Plants Challenge five years earlier than anticipated. Volvo Group’s goal had been a 25 percent reduction in energy consumption at its eight U.S. manufacturing plants between 2009 and 2020. By the […]
Boating Industry

Economic Snapshot: GDP grows 5.0 percent, highest rate in 11 years

New home sales are unfortunately down from the previous year, but hopefully the strongest GDP growth in over a decade and some positive year-over-year gains in existing-home sales will keep everyone feeling cheerful for the holidays. GDP Third-quarter GDP was revised much higher than last month’s estimate, now reporting an increase of 5.0 percent for […]
Boating Industry

Scout Boats celebrates 25 years, recognizes outstanding dealers

SUMMERVILLE, S.C. — Scout Boats, Inc. recently celebrated its 25th Anniversary at their annual 2015 Model Year Dealer Meeting, held September 24 & 26, 2014, in Charleston, SC. Scout held a two day event this year that included a debut of new models (255 LXF & 300 LXF), a media day, and three ceremonial events that […]
Boating Industry