Orlando Real Estate

Local Economy Still Growing Strong

December 10th, 2007 11:29 AM by David W. Welch

Believe it or not residential building permits are up slightly over last year (about 2.5%). The local economy overall is up just over 3%, but job growth is down slightly. The job numbers are mostly being effected by continued slower construction. Some of these numbers seem a bit contradictory, but I believe it is primarily due to a lag in hiring. I will keep looking for builders' inventory of new homes to dwindle this quarter and next.

For more information on Orlando Real Estate go to www.davidwelch.com

Posted in:General
Posted by David W. Welch on December 10th, 2007 11:29 AM


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