Florida’s Growth rate will hit 2.5% in 2013, and maybe exceed 3.4% in 2014. Why? A major factor will be housing. Construction jobs will account for 30 percent of the new jobs created during the coming three to five year cyle of growth, according to Beata Caranci, VP and deputy chief economist of TD Bank Group. According to an economist from the Univercity of Central Florida, construction jobs would rise by 4.2% in the second quarter of this year, and increase by 15.9 percent in the fourth quarter of 2015. What happens with all of this good news? It creates more good news. As consumer confidence improves, people will start buying more cars, furniture, and appliances and that results in more construction of nonresidential places where people can shop. As home values continue to go up, consumers are expected to spend more and save less. Property appraisers are also reporting increases in taxable values, which should mean more money for the counties for school construction.
Construction Jobs in Florida are Booming!
By Cheryl Foley| 2013-06-07T19:26:59+00:00 June 7th, 2013|Surety Blog|Comments Off on Construction Jobs in Florida are Booming!