Get documents about "BUILDING PERMIT ACTIVITY Charlotte County Economic
Shared by: liaoqinmei
-
Stats
- views:
- 3
- posted:
- 10/2/2012
- language:
- Unknown
- pages:
- 8
Document Sample
Charlotte County
SOUTHWEST FLORIDA
Economic Development Office
QUARTERLY ECONOMIC INDICATOR REPORT
APRIL 2011
SUMMARY 2
WORKFORCE 3
TOURISM 4
BUILDING PERMITS - Residential 5
BUILDING PERMITS - Commercial
6
HOUSING SALES ACTIVITY
COST OF LIVING INDEX 7
TAXABLE SALES ACTIVITY BY SECTOR 8
Charlotte County Economic Development Office
18501 Murdock Circle, Suite 502
Port Charlotte, FL 33948
Tele: 941-627-3023 Fax: 941-627-6314
Website: www.FloridaEDO.com
SUMMARY
UNEMPLOYMENT The US recession continues to be felt in many areas and
in many sectors of the country. Charlotte County's
unemployment rate for the month of March 2011
was at 11.0%, above the state's rate of 10.6% and the
nation's rate of 9.2%. Charlotte County's
unemployment rate for the month of February 2011
was at 11.6%, above the state's rate of 11.0% and the
nation's rate of 9.5%.
EMPLOYMENT Total nonagricultural employment for the month of
April 2011 was down .7% from the same time last year at
41,100, but up slightly from last month's level of 41,000.
TOURISM Tourist Development Tax Revenues monthly figures are
mixed. February and April had an increase 4.2%, 8.6%
respectively of percent, while March was down at -2.0%.
BUILDING PERMIT ACTIVITY & The overall total number of building permits issued in April
2011 showed an decrease from the previous month and
VALUATION an increase from last year. New construction for
residential was down month to month and year to year.
The commercial sectors showed an increase month to
month and year to year in the number of permits but a
decline in the total dollar value.
HOUSING SALES ACTIVITY The number of homes sold for the month of April
showed a 7.7% increase over last year's data and a
-8.8% decrease over last month. Average sales price
decreased by -9.6% from last year and increased by
10.3% from the previous month.
COST OF LIVING INDEX
According to the ACCRA Cost of Living Index, the COLI
composite number for the Punta Gorda MSA was 91.1.
TAXABLE SALES ACTIVITY March 2011 taxable sales retail increased 4.7% from
March 2010. Sectors monitored by the Florida
Legislature's Office of Economic and Demographic
Research experienced no decreased activity but showed
Business Investment to be flat.
Charlotte County Economic Development Office
18501 Murdock Circle, Suite 502
Port Charlotte, FL 33948
Tele: 941-627-3023 Fax: 941-627-6314
Website: www.FloridaEDO.com
2
WORKFORCE
Unemployment*
Change
Mar 2011 Feb 2011 Mar 2010 Feb 11- Mar 10-Mar 11
Mar 11
Charlotte 11.0% 11.6% 13.3% -.6% -2.3%
Florida 10.6% 11.0% 11.3% -.4% -.7%
US 9.2% 9.5% 10.2% -.3% -1.0%
Source: Florida Agency for Workforce Innovation, * Not Seasonally adjusted.
Charlotte County Nonagricultural Employment
Not seasonally adjusted
Change
Apr Mar Apr Mar 11- Apr 10-
2011 2011 2010 Apr 11 Apr 11
Total Nonagricultural Employment 41,100 41,000 41,400 .2% -.7%
Goods Producing 3,000 3,000 2,900 0% 3.5%
Mining, Logging, Construction 2,500 2,500 2,400 0% 4.2%
Manufacturing 500 500 500 0% 0%
Service Providing 38,100 38,000 38,500 .3% -1.0%
Wholesale Trade 600 600 600 0% 0%
Retail Trade 8,100 8,100 8,300 0% -2.4%
Transportation, Warehousing, Utilities 500 500 500 0% 0%
Information 400 400 500 0% -20%
Financial Activities 1,800 1,800 1,800 0% 0%
Professional & Business Services 3,600 3,500 3,600 2.9% 0%
Education & Health Services 8,700 8,700 8,600 0% 1.0%
Leisure & Hospitality Services 6,100 6,100 6,300 0% -3.2%
Other Services 2,000 2,000 1,900 0% 5.3%
Total Government 6,300 6,300 6,400 0% -1.6%
Federal 300 300 400 0% -25.0%
State 1,000 1,100 1,100 -9.1% -9.1%
Local 5,000 4,900 4,900 2% 2%
Source: Florida Agency for Workforce Innovation.
Charlotte County Economic Development Office
18501 Murdock Circle, Suite 502
Port Charlotte, FL 33948
Tele: 941-627-3023 Fax: 941-627-6314
Website: www.FloridaEDO.com
3
TOURIST DEVELOPMENT TAX
%
2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 Change
Oct $43,098 $41,700 $43,371 $45,556 $45,462 -.2%
Nov $53,136 $54,673 $45,476 $52,071 $56,259 8.0%
Dec $94,503 $79,518 $81,163 $80,663 $77,930 -3.4%
Jan $135,431 $150,068 $128,789 $150,760 $132,325 -12.2%
Feb $194,644 $189,409 $207,709 $196,327 $204,625 4.2%
Mar $317,347 $308,747 $280,920 $306,633 $300,553 -2.0%
Apr $100,268 $128,149 $110,372 $107,188 $116,377 8.6%
May $79,028 $70,975 $70,292 $63,089
Jun $114,215 $87,734 $86,817 $71,176
Jul $75,696 $68,654 $65,458 $70,865
Aug $47,929 $52,768 $41,003 $44,008
Sep $65,243 $55,537 $69,484 $57,961
Totals $1,320,538 $1,287,932 $1,230,854 $1,246,297 $933,531
In October 2005, an additional 1% was added to the tourist tax dedicated solely to the
Sports Park; in April 2007 an additional 1% was added, totaling 2% revenue
2006/2007 2007/2008 2008/2009 2009/2010 2010/2011 % Change
October $14,366 $27,800 $28,914 $30,371 $30,308 -.2%
November $17,712 $36,448 $30,318 $34,714 $37,506 8.0%
December $31,501 $53,012 $54,108 $53,776 $51,954 -3.4%
January $45,144 $100,045 $85,860 $100,506 $88,217 -12.2%
February $64,881 $126,273 $138,472 $130,885 $136,416 4.2%
March $105,782 $205,831 $187,280 $204,422 $200,369 -2.0%
April $66,845 $85,432 $73,581 $71,459 $77,584 8.6%
May $52,685 $47,316 $46,861 $42,059
June $76,143 $58,489 $57,878 $47,451
July $50,463 $45,769 $43,638 $47,244
August $31,953 $35,179 $27,336 $29,338
September $43,495 $37,025 $46,323 $38,640
Total $600,970 $858,619 $820,569 $830,865 $207,985
Charlotte County Economic Development Office
18501 Murdock Circle, Suite 502
Port Charlotte, FL 33948
Tele: 941-627-3023 Fax: 941-627-6314
Website: www.FloridaEDO.com
4
BUILDING PERMITS - MONTHLY
Total Building Permits
% Change
Apr 11- Apr 10
Apr 2011 Mar 2011 Apr 2010
Mar 11 - Apr 11
Charlotte 1399 1403 1381 0% 1.3%
Total Building Permit Valuation
Charlotte $15,532,244 $38,431,602 $48,390,298 -59.6% -67.9%
Source: Charlotte County Government Building Construction Services monthly report, excludes the city of Punta
Gorda, includes all permitted building activity within unincorporated Charlotte County.
BUILDING PERMIT ACTIVITY - SINGLE FAMILY
Charlotte County Single Family Total Permits
% Change
Apr 11 - Apr 10 -
Apr 2011 Mar 2011 Apr 2010
Mar 11 Apr 11
Charlotte 19 37 25 -48% -24%
Charlotte County Single Family Total Permit Valuation
Charlotte $2,513,138 $9,648,291 $4,207,520 -74.0% -40.3%
Source: Charlotte County Government Building Construction Services monthly report, excludes the city of Punta
Gorda
Charlotte County Economic Development Office
18501 Murdock Circle, Suite 502
Port Charlotte, FL 33948
Tele: 941-627-3023 Fax: 941-627-6314
Website: www.FloridaEDO.com
5
BUILDING PERMIT ACTIVITY - COMMERCIAL
Charlotte County Commercial Total Permits
% Change
Apr 11 - Apr 10 -
Apr 2011 Mar 2011 Apr 2010
Mar 11 Apr 11
Charlotte 162 125 147 29.6% 10.2%
Charlotte County Commercial Total Permit Valuation
Charlotte $6,160,208 $21,550,912 $30,765,440 -71.4% -80.0%
Source: Charlotte County Government Building Construction Services quarterly report, excludes the city of Punta
Gorda
EXISTING HOUSING SALES ACTIVITY
Charlotte County Single-Family, Existing Housing Total Sales
% Change
Apr 11 - Apr 10 -
Apr 2011 Mar 2011 Apr 2010
Mar 11 Apr 11
Punta Gorda 321 352 298 -8.8% 7.7%
MSA
Charlotte County Single-Family Average Sale Price
Punta Gorda $128,576 $116,536 $142,243 10.3% -9.6%
MSA
Source: Punta Gorda - Port Charlotte - North Port Association of Realtors
Charlotte County Economic Development Office
18501 Murdock Circle, Suite 502
Port Charlotte, FL 33948
Tele: 941-627-3023 Fax: 941-627-6314
Website: www.FloridaEDO.com
6
COST OF LIVING INDEX
Cost of Living Index - COLI
Misc. Goods
1st Quarter 2011 Composite Index Grocery Housing Utilities Transportation Health Care
& Services
Cape Coral-Fort Myers FL 96.7 102.9 95.7 80.4 106.7 101.6 96.5
Fort Lauderdale FL 113.5 110.8 134.6 93.2 112.5 98.4 104.4
Gainesville FL 99.8 108.2 97.9 97.8 103.6 96.1 98.0
Jacksonville FL 94.0 103.5 82.8 101.2 106.9 90.5 94.4
Miami-Dade County FL 107.7 109.6 112.8 93.2 112.1 104.6 106.0
Orlando FL 97.2 99.1 79.6 107.2 101.4 96.9 107.8
Palm Coast-Flagler County FL 89.1 108.6 72.1 88.8 101.4 95.9 92.0
Punta Gorda-Charlotte Co FL 91.1 104.8 75.2 93.0 100.0 104.4 94.7
Bradenton FL 93.4 107.5 83.8 86.4 102.0 99.5 95.2
Sarasota FL 100.3 104.3 99.8 98.6 102.0 105.9 98.5
Vero Beach-Indian River FL 95.8 111.9 79.5 100.8 96.8 101.8 101.2
Tampa FL 92.2 97.4 78.8 96.3 103.2 97.7 96.6
Source: ACCRA COST OF LIVING INDEX
ACCRA COST OF LIVING INDEX
The ACCRA Cost of Living Index measures relative price levels for consumer goods and services in
participating areas. The average for all participating places, both metropolitan and nonmetropolitan, equals 100,
and each participant’s index is read as a percentage of the average for all places.
The Index does not measure inflation (price change over time). Because each quarterly report is a separate
comparison of prices at a single point in time, and because both the number and the mix of
participants changes from one quarter to the next, Index data from different quarters cannot be compared.
For inflation data, contact the US Bureau of Labor Statistics (BLS) at www.bls.gov.
Charlotte County Economic Development Office
18501 Murdock Circle, Suite 502
Port Charlotte, FL 33948
Tele: 941-627-3023 Fax: 941-627-6314
Website: www.FloridaEDO.com
7
TAXABLE SALES ACTIVITY
Taxable Sales
($Million)
% Change
Mar 2011 Mar 2010
Mar 11 - Mar 10
Index of Retail Activity 124.0 118.4 4.7%
Autos & Accessories 32.2 27.3 17.9%
Building Investment 15.8 14.7 7.5%
Business Investment 20.4 20.4 0%
Consumer Durables 14.5 14.0 3.6%
Consumer Non-durables 73.0 71.2 2.5%
Tourism & Recreation 44.5 42.4 5.0%
Total 200.5 190.0 5.5%
Source: Florida Office of Economic & Demographic Research, as of March 2010
Autos & Accessories- The category of "automobiles and accessories" taxable sales includes the sale of
new and used cars, repair shops, auto supply stores, and taxable sales at gasoline stations.
Consumer Durables- The category of "consumer durables" taxable sales includes the sale of
appliances, furniture, home electronics, aircraft, boat dealers, hardware and decorating stores.
Tourism & Recreation- The category of "tourism and recreation" taxable sales includes hotels and
motels, bar and restaurant sales, liquor stores, photo and art stores, gift shops, admissions, sporting
goods, rentals, and jewelry stores.
Consumer Nondurables- The category of "consumer nondurables" taxable sales includes food and
convenience stores, department and clothing stores, drug stores, antique dealers, bookstores, florists,
pet dealers and suppliers, social organizations, storage, communications firms, print shops, nurseries,
vending machines, utilities, and any "kind" that doesn't fit into the other categories.
Building Investment- The category of "building investment" taxable sales includes sales by building
contractors, heating and air conditioning contractors, insulation, well drilling, electrical contractors,
interior decorating, paint and wallpaper shops, cabinet and woodworking shops, soil, lumber and
building suppliers, and roofing contractors. Services provided by these businesses are not generally
taxable.
Business Investment- The category of "business investment" taxable sales includes farm
equipment, feed and seed suppliers, store and office equipment, computer shops, machine shops,
industrial machinery, hotel and restaurant suppliers, transportation equipment, manufacturing and
refining equipment, industrial suppliers, paper and packaging materials, medical and optical supplies,
commercial rentals, and wholesale dealers. Transactions reported as subject to the "use" tax are also
included here, regardless of the kind code of the business reporting the "use" tax.
Retail Index- The "index of retail activity" is designed to provide a measure of retail activity for an
area and allow comparisons with other areas over time. The index is constructed by aggregating the
categories of autos and accessories, other durables, tourism and recreation, and consumer non-
durables. These categories represent the bulk of non-investment spending and are analogous to
personal consumption. The sum of these four categories is seasonally adjusted and a four-month
moving average is taken. The resulting data series is indexed such that the base period of December
1988 equals 100. Each MSA is measured against itself, that is, each MSA's index equals 100 in the
base period and is calculated independently of activity in other MSAs. The index values can be directly
read as percentages from the base period.
8
