Page 2 - Lake Jackson

Orlando real estate can post
some of 2017’s hottest gains,
reports say
By: Mary Shanklin Contact Reporter
January 6, 2017
Less than two years after metro Orlando led the nation in foreclosures, it’s now expected to post some of the hottest real estate gains in the United States during 2017, two new reports show.
Home values throughout Orange, Seminole, Osceola and Lake counties are expected to increase 5.7 percent during the next year — the highest rate among the country’s top 100 metro areas, according to real estate analytics rm Zillow. “It’s actually a thriving market in the sense where people can nd employment and buy a house,” said Svenja Gudell, chief economist for the company. Wages are still among the nation’s lowest, but analysts see that unemployment remains low and wages have begun to improve in
Economic projections
UCF Florida & metro forecast: State economy will outpace U.S.
6/28/2016
Spurred by rising job growth and home construction, Florida’s economy is expected to continue to grow at a faster pace than the national forecast for the next four years, according to the latest forecast from University of Central Florida economist Sean Snaith.
“The fundamental underpinnings of the housing market in Florida continue to strengthen. Job growth in Florida is forecasted to continue outperforming the U.S. labor market and more Baby Boomers continue to reach the end of their working lives,” wrote Snaith in the second-quarter Florida & Metro Forecast. “This bodes well for continued population growth via the in-migration of workers and retirees.” Snaith is the director for the Institute for Economic Competitiveness at the UCF College of Business Administration.
From 2016-2019, Florida’s economy, as measured by Real Gross State Product, is expected to expand at an average annual rate of 2.9 percent through 2019, outpacing the projected average for U.S. real Gross Domestic Product growth for the same period. Nominal Gross State Product is expected to break the $1 trillion mark in 2018, according to the Florida & Metro Forecast, and climb to $1.074 trillion in 2019.
Business Forecast 2017 2017
a busy year for health-care
construction in Central Florida
By: Naseem S. Miller Contact Reporter
January 22, 2017
January isn’t over yet and Oviedo Medical Center has unveiled its brand new 64-bed hospital, South Lake Hospital has broken ground on a free- standing emergency department in Leesburg, and Orlando Health has begun the rst phase of its hospital campus at Horizon West in West Orange County. And there’s more to come. Local hospital systems have a full schedule of ground breakings and ribbon cuttings for facilities this year, ranging from new hospitals to free-standing emergency departments and medical of ce buildings. In
a highly competitive market, Orlando Health, Florida Hospital and the national chain HCA are grabbing different corners of Central Florida to build inpatient and outpatient facilities that can
Oct 19, 2016
The 10 Best Cities For
Future Job Growth
Kurt Badenhausen, Forbes Staff
The Sunshine State is home to ve of the 10 metro areas projected to add the most jobs through 2018, according to forecasts from Moody’s Analytics. “Florida is well known to be boom-bust, and right now it is in a multi-year upsurge,” says Edward Friedman, an economist who tracks Florida for Moody’s Analytics.
Other Florida spots joining Cape Coral in the top 10 include: No. 3 Orlando (3.6%), No. 4 Naples (3.6%), No. 7 Deltona (3.1%) and No. 9 Ocala (3%). “The structural advantages that Florida enjoys—low costs of living and doing business, warm climate, and leisure time amenities like beaches and attractions like Disney World in Orlando— will propel the above-average gains,”
Orlando’s employment
growth among best in U.S.
says Friedman.
Projected job growth is one of 14 metrics Forbes considers as part of its annual
look at the Best Places for Business and By: Emma Skeels • Reporter Orlando Business Journal
Jun 27, 2016
Monday got you down? Here’s some good news to sweeten the start of the week: In a
recent report on U.S. metropolitan economies, Central Florida ranked No. 9 out of the top 10 metropolitan statistical areas for future employment growth.
The report, prepared by IHS and Global Insight for the U.S. Conference of Mayors, reviewed economic conditions across all U.S. metropolitan economies.
MSAs are essential to employment rates, and the study has the numbers to prove it: In 2015, metro areas were responsible for 87.7 percent of total employment and created more than 2.5 million new jobs nationally.
So what’s the forecast for Central Florida employment? The report said that the Orlando- Kissimmee-Sanford region will see employment growth of up to 4 percent in 2016 and 3.2 percent in 2017.
The new growth rate is part of a slow, but steady, six-year increase. Since January 2009,
job gains in the region have grown about 17 percent. That translates to almost 173,900 jobs created since the recession hit. Furthermore, Central Florida returned to its pre-recession peak employment numbers in 2014 — which means any job growth since then has boosted the region above pre-recession levels.
Employment is on the rise nationally, as well, with 60 percent of all metros posting record