Housing Starts Fuel Florida Economy to expand through 19′

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0 economic data series with tags: FL, Housing Starts, Monthly. FRED: Download, graph, and track economic data. Florida.

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Florida Economic Estimating Conference . July 20, 2019 . The Florida Economic Estimating Conference met on July 17, 2019, to revise the forecast for the state’s economy. The latest forecast generally shows little change from the assumptions made in February for the short term, but was slightly weaker in construction and related industries.

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The Florida economy saw a strong rebound in economic activity as job growth came roaring back in 2017Q4. We expect the state economy to keep this momentum headlining into 2018, supported by positive demographics, sustained gains in the labor market and an improving housing sector.

A housing start is defined as any privately-owned housing unit that has begun construction. The total number of housing starts is an important metric because it acts as a leading indicator of the housing industry, a large component of the aggregate economy. housing accounts for nearly 30% of investment spending and 5% of the overall economy.

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