Hurricane Irma played a factor in what was a difficult trading period for Merlin Entertainments, the British company that owns or operates several Central Florida attractions including Legoland Florida and Orlando Eye.
The company’s revenue growth for 2017 is expected to fall flat from 2016 because…
Florida’s housing market continued to heat up in July, as it picked up steam for the second summer month.
Florida Realtors reported that July was a strong month for statewide housing sales, with higher median sales prices, more pending sales, and additional new listings. Single-family home sales totaled 24,546 — up 2 percent from July 2016 levels — while condo-townhouse sales totaled 9,246 – up 3.6 percent.
Sales and prices were also up in June of this year.
“Florida’s housing market gained momentum in July,” said Florida Realtors President Maria Wells in a news release. “More owners decided to put their homes up for sale. However, even with the increase in new listings, inventory remains tight and buyer demand is great. New listings for single-family existing homes rose 6.1 percent year-[to]-year, while new listings for existing condo-townhouse properties rose 5.5 percent.”
“Homes continue to sell quickly, resulting in increased pending sales – up 3.3 percent for single-family homes and up 3.6 percent for condo-townhouse units,” she added.
The U.S. construction industry added 28,000 jobs in August, but contractors expressed difficulties finding experienced workers.
According to reports by the U.S. Bureau of Labor Statistics and the Associated General Contractors of America, last month’s employment gains followed a hiring dip in July. The construction industry has added 214,000 jobs since the start of the year, including 129,000 jobs in specialty trades.
The number of unemployed individuals whose last job was in construction fell to 448,000, the lowest August total since 2000.
“Construction firms have stayed busy, adding employees in the past year at nearly twice the rate of employers throughout the economy, but more than two-thirds of contractors report[ed] difficulty finding craft workers as the number of unemployed, experienced construction workers hit a 17-year low,” AGC’s Chief Economist Ken Simonson said in a press statement. “Although construction spending has fluctuated recently, many contractors are still looking for qualified craft workers and project managers.”