Naples Real Estate Southwest Florida Economy Improving

11/1/12

 
As the article below details, the Naples and SW Florida real estate and overall markets are improving. Gulf Coast International Properties can echo this sentiment as housing starts are up 18% and unemployment continues to drop, meaning an economy gaining strength. From Port Royal to Olde Naples to Aqualane Shores and other Naples luxury waterfront communities, Gulf Coast International Properties has seen sales rise more than 100% over 2011, due in large part to the numbers above. For more information about Naples or the luxury market, please contact Brad Johnson at 239.59.9278 or brad@gcipnaples.com for a professional consultation. 

IT'S YOUR BUSINESS: FLORIDA HOUSING STARTS UP NEARLY 19 PERCENT, STATE REPORT SAYS

  • By DAVE OSBORN
  • Posted November 1, 2012, at 6:30 a.m.
 
Numbers matter, but dump trucks offer a surefire sign the Southwest Florida construction industry is coming back.
When the economy slumped, few trucks were rumbling along Collier or Lee county roads and now they're out in force.

And the numbers support this. The Florida Department of Economic Opportunity released a report Wednesday showing how state housing starts were up by 18.5 percent in August — the most recent month available — compared to August 2011.

Another good sign: Unemployment rates continue to decline. They have decreased in Collier from 11 percent in September 2011 to 9.3 percent this past September. Lee's jobless rate dropped from 11.3 percent in September 2011 to 9.1 percent a year later.

The state report said Southwest Florida was among the areas most affected by declines in the housing market.
"The housing and construction industry is vital to helping Florida's economy continue to rebound while providing employment to the thousands of workers who are seeking a job," Gov. Rick Scott said in the report. "Seeing these positive indicators across the state shows that people are feeling more confident in buying or building a home."

Best Regards,

Brad Johnson

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