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					                                                                                                                                                                                                      February 2010

                                                      Southwest Florida Regional Planning Council

                                                            Economic
                                                                                                                                                                                               In This Issue:
                                                                                                                                                                                  Article of the Month...1
                                                                                                                                                                                     Festivals & Events...1




                                                               Views
                                                                                                                                                                     Airport, Unemployment Activity...2
                                                                                                                                                                 Consumer Price Index, Sales Activity...3
                                                                                                                                                                               Building Permit Activity...4
                                                                                                                                                                                 Economic Indicators...5

                 Serving Charlotte, Collier, Glades, Hendry, Lee and Sarasota Counties Since 1973
                                                                     Much of Collier, Lee counties put at risk by rising sea
                                                                            By MARY WOZNIAK • mwozniak@news-press.com • January 31, 2010

For the first time, three big government agencies in South Florida are issuing a red alert on global warming. They all acknowledge that global warming is happening and may be accelerating, that the climate is changing
and the sea is rising because of it. Now they want to do something about it, with each issuing new climate change directives in the last six months.

   • Alert 1: The U.S. Army Corps of Engineers issued a new policy directing staff to take rising sea level into account in planning new projects, and to review existing projects to see how they will be impacted.
   • Alert 2: The South Florida Water Management District released a report that says South Florida is highly vulnerable to sea level rise. The district is investigating the effects on regional flood control and water sup-
               plies and how to offset them.
   • Alert 3: The Southwest Florida Regional Planning Council, in partnership with the Charlotte Harbor National Estuary Program, completed a 311-page climate change assessment that says there will be a 5-inch rise
               in sea level, killing some fisheries and washing out sea turtles and shore birds.

This means that any remaining debate, complacency or indecision government agencies once had about the threat of global warming has given way to urgency. The water management district report states: “The question
for Floridians is not whether they will be affected by global warming, but how much — that is, to what degree it will continue, how rapidly, what other climate changes will accompany the warming, and what the long-term
effects of these changes will be.” Those words come from a 2009 report prepared for the Florida Energy and Climate Commission. Jim Murley, commission chairman, knows the challenge. The two big issues in dealing
with climate change are finding ways to cut the emission of greenhouse gases and finding ways to adapt to the effects of the large amounts already in the atmosphere, he said. “We haven’t begun to scratch the surface about
examining these issues,” Murley said.

A fluid scenario




                                                                                                                                                                                                                                      Volume 33 No. 2
Just how much and how fast will sea level rise? That depends on how much and how fast global warming causes the oceans to warm and expand and the polar ice sheets to melt. Three years ago, climate experts were
predicting a rise of two feet by 2100. In December, a group of 26 scientists warned the United Nations climate summit in Copenhagen that the rise could be more than triple that — six and a half feet by 2100, if greenhouse
gas emissions are not capped within 10 years. In Florida, the water from the Gulf of Mexico and Atlantic Ocean will rise anywhere from five inches to 27 inches in the next 50 years, depending on which scientists or
agency you talk to.

Why the broad range?
The basis for all the predictions is a 2007 report by the International Panel on Climate Change, a group of 2,000 scientists formed by the United Nations and the World Meteorological Organization. The panel projects a
5- to 20-inch rise in sea level by 2060. Higher predictions from other scientists arise from criticism that the panel did not fully include new data showing the ice sheets in Greenland and Antarctica are melting more quickly
than expected. One worst-case scenario, from a U.S.-based international research group: If world-wide emissions continue unchecked, 15 percent — or 124 square miles — of Lee County would be submerged by 2060,
water would encroach up to 24 miles into the Everglades and the Keys would disappear. Change inevitable While the three government agencies agree that climate change is inevitable, not all are willing to say whether
human activities play a role in speeding it up.

The Southwest Regional Planning Council believes humans are contributing to the acceleration. The South Florida Water Management District and U.S. Army Corps of Engineers shy away from making that link, saying
their job is to investigate the ramifications of global warming, not its causes. The planning council expects a 5-inch rise in sea level by 2050, because that is the 90 percent probability in the climate panel’s range of predic-
tions, said Jim Beever, principal planner for the Southwest Florida Regional Planning Council and a Southwest Florida climate change expert. Even at 5 inches, storm surge would be more pronounced, sea grass beds would
retreat, some fisheries would disappear, and beach erosion would be more pronounced, Beever said. There would be sea turtle and shore birds nesting washouts. The edge of upland habitats would start to become salinated.
Saltwater would inundate coastal freshwater aquifers. There would be more overtopping of sea walls in seasonal high tides.




                                                                                                                                                                                                                                      February 2010
Florida’s ground zero
The water management district embraces the international panel’s projection of a 5- to 20-inch rise in sea level within 50 years, without settling on a specific number. The district says this provides a lower and upper boundary
for planning purposes until more specific regional data is available. Because parts of the district’s infrastructure are more than 50 years old, any significant change in natural cycles could limit flood control effectiveness,
make sea water seeping into groundwater supplies more likely, “and virtually inundate the southernmost tip of the (Florida) peninsula and other low-lying areas,” their report says. “We’re kind of a ground zero for the
problem, more vulnerable than New Orleans,” said Dan Trescott, principal long-range planner for the regional planning council. “We have nothing to protect us from the sea.” Building systems of levees like in New Orleans
is not a viable option, said Glenn Landers, senior project manager for climate change studies in the U.S. Army Corps of Engineers Everglades Division. South Florida’s surface rock is an extremely porous limestone that
varies in depth from 30 to 80 feet, he said. “It allows for tremendous amounts of seepage if you build a levee.”

 Paying now or later
“Economics is going to dictate what happens, really,” Trescott said. The cost of not acting to combat climate change will be ruinous, says a study by Elizabeth Stanton and Frank Ackerman of the U.S. Center of the Stock-
holm Environment Institute, an international research organization affiliated with Tufts University. The study, “Florida and Climate Change: The Costs of Inaction,” compares the most optimistic scenario, which has the
world taking steps to greatly reduce emissions by 2050 and beyond, vs. the most pessimistic scenario, which the authors call “business as usual.” Their projection of a 27-inch rise by 2060 is the scenario if the emissions
continue unchecked. That would mean that 9 percent of Florida’s land area, or 4,700 square miles, would be submerged at high tide. In Lee County, 15 percent of the county’s area would be submerged, or 124 square miles.
About 69,000 county residents would be in the vulnerable area. In Collier County, 18 percent of the land area would be submerged, or 370 miles. About 56,000 people would be affected. Water would encroach 12 to 24
miles into the broad low-lying area of the Everglades. The Florida Keys would be gone. The loss to the state would include $130 billion in real estate, half of Florida’s beaches, 99 percent of mangroves, 68 hospitals, 74
airports, 140 water treatment facilities, 334 public schools, 341 hazardous-material cleanup sites, 1,362 hotels, motels and inns and 1,025 churches, synagogues and mosques. “This is an uncertain business,” Ackerman
said. “Our study intentionally contrasted relatively bad versus relatively mild climate scenarios; we argued that the bad scenario, which included the 27- inch sea level rise in 50 years or so, was among the likely outcomes
that had to be considered.” Preparing for that is like taking out insurance, he said. “The most likely outcome is that you will never use the fire insurance on your home, for instance, but everyone still thinks they need fire
insurance. We tried to estimate the worst end of the range of likely outcomes. This is fundamentally an insurance-type problem, not a precise estimate of most likely results.”

                                                                                         FESTIVALS & EVENTS
                            February 27-28, 2010                                                                                                                             March 6, 2010
                          SWAMP CABBAGE FESTIVAL                                                                                                                 CELEBRATE BLOCK PARTY & NIGHT PARADE
                                   LaBelle                                                                                                                                     Cape Coral
                           Contact: (863) 675-0125                                                                                                                       Contact: (239) 549-6900
                         February 19-21, 2010                                                                                                                                  March 5-7, 2010
            EDISON FESTIVAL OF LIGHT CRAFTS ON THE RIVER                                                                                                                    CHALO NITKA FESTIVAL
                      Centennial Park, Ft. Myers                                                   February 20-21, 2010                                                          Moore Haven
                       Contact: (239) 334-2999                                                  21ST FESTIVAL OF THE ARTS                                                   Contact: (863) 946-0440
                                                                                                   Downtown, Sarasota
                           February 20-21, 2010                                                  Contact: (941) 366-1552                                                      March 12-13, 2010
                       NAPLES NATIONAL ART FESTIVAL                                                                                                                    4TH ANNUAL BONITA BLUES FEST
                          Art Association, Naples                                           February 26 – March 7, 2010                                                  Riverside Park, Bonita Springs
                          Contact: (239) 262-6517                                     SOUTHWEST FLORIDA AND LEE COUNTY FAIR                                                 Contact: (239) 947-0715
                                                                                          Lee Civic Center, North Ft. Myers
                            February 20, 2010                                                 Contact: (239) 543-8368                                                      March 13-14, 2010
                       BURROWING OWL FESTIVAL                                                                                                                    BONITA SPRINGS NATIONAL ART FESTIVAL
               Rotary Park Environmental Center, Cape Coral                                        February 26-28, 2010                                         The Promenade at Bonita Bay, Bonita Springs
                         Contact: (239) 549-4606                                                        GREEK FEST                                                       Contact: (239) 495-8989
                                                                                                 Cypress Lake Dr., Ft. Myers
                         February 21, 2010                                                        Contact: (239) 481-2099                                                  March 13-14, 2010
         EDISON FESTIVAL OF LIGHT GRAND PARADE & 5K RACE                                                                                                    FORT MYERS BEACH SHRIMP FESTIVAL AND PARADE
                                                                                                                                                                                                                                      Page 1




                       Downtown, Ft. Myers                                                         March 4-6, 2010                                              Lynn Hall Memorial Park, Ft. Myers Beach
                      Contact: (239) 334-2999                                         73RD ANNUAL SANIBEL SHELL FAIR & SHOW                                             Contact: (239) 463-9738
                                                                                          Sanibel Community House, Sanibel
                                                                                               Contact: (239) 472-2155


Economic Views Online: http://www.swfrpc.org/views.shtml                                                                                                                             Website: http://www.swfrpc.org
                                                                                                                                                                                            Email: info@swfrpc.org
                                                                                                                                        February 2010

                                      Southwest Florida Regional Planning Council

                                          Economic
                                             Views
             Serving Charlotte, Collier, Glades, Hendry, Lee and Sarasota Counties Since 1973

             Airport Activity                                                                     Unemployment
Airport passenger activity for the Southwest Florida Region in-                    The regional unemployment rate for December 2009 was 12.9%,
creased 12.6% in December 2009 from November 2009. Airport                         which was lower than the revised rate of 13.1% for November
passengers visiting and leaving the region totaled 809,870 as com-                 2009. Lee County at 13.8%, had the highest unemployment rate
pared to 719,423 in the previous month. All three airports re-                     in the six-county region, with Hendry County second at 13.5%.
ported an increase in passenger activity from the previous month.                  Glades County had the lowest unemployment rate at 9.4%. The
                                                                                   December 2009 regional unemployment rate of 12.9% was high-
In December 2009, total airport activity for the region increased                  er than the state at 11.6%. The regional unemployment rate in-
0.4% from the previous year. However, both airports reported a                     creased by 36.6% from December 2008 to December 2009, while
decrease in passenger activity from the previous year.                             the state rate increased by 45.7% during the same time period.

                          AIRPORT PASSENGERS                                                                LABOR FORCE FIGURES
                                                                                                   LABOR FORCE          EMPLOYMENT         UNEMPLOYMENT
                                                                   % CHANGE
                                                                                                  DEC. 09 NOV. 09      DEC. 09   NOV. 09 DEC. 09      NOV. 09
                                                                        NOV. 09/
                                                                                       COUNTY (PRELIM) (REVISED) (PRELIM) (REVISED) (PRELIM) (REVISED)
       AIRPORT                     DEC. 09 NOV. 09 DEC. 08               DEC.09     CHARLOTTE      68,317    68,847     59,434    59,833     8,883      9,014
                                                                                        COLLIER   146,535   147,221    129,151   129,107    17,384     18,114
   S.W. Fla. Int’l     ARRIVALS 351,928 297,582 359,138                   20.7%         GLADES      4,984      4,966     4,514     4,474        470      492
                                                                                       HENDRY      19,102    18,578     16,516    15,810     2,586      2,768
                     DEPARTURES 324,150 300,896 331,900                   10.3%
                                                                                            LEE   271,967   272,891    234,369   234,743    37,598     38,148
                                                                                     SARASOTA     164,334   165,310    144,016   144,935    20,318     20,375
                       ARRIVALS    58,014    53,421      59,538           11.5%
      Sarasota/
     Bradenton DEPARTURES          56,437    54,113      55,674            2.9%
                                                                                        REGION    675,239   677,813    588,000   588,902    87,239     88,911
                                                                                          STATE 9,147,000 9,204,000 8,090,000 8,143,0001,058,000 1,061,000
        Naples*        ARRIVALS          0         0         0               n/a                         UNEMPLOYMENT RATE
                     DEPARTURES          0         0         0               n/a                                                  % CHANGE*

                                                                                                  DEC. 09 NOV. 09      DEC.08 NOV. 09 DEC. 08/
       Charlotte       ARRIVALS    10,609     6,939         n/a           52.9%
                                                                                       COUNTY (PRELIM) (REVISED) (REVISED)       DEC. 09 DEC. 09
         County DEPARTURES          8,732     6,472         n/a           34.9%
                                                                                    CHARLOTTE       13.0%     13.1%      9.7%      -1.5%    32.4%
 AIRPORT TOTALS = ARRIVALS + DEPARTURES                           n.a
                                                                                        COLLIER     11.9%     12.3%      7.9%      -4.0%    43.8%
                                                       NOV. 09/         DEC. 08/
                                                                                        GLADES       9.4%      9.9%      7.3%      -4.5%    26.7%
                         DEC. 09 NOV. 09 DEC. 08        DEC.09           DEC. 09
                                                                                       HENDRY       13.5%     14.9%     10.2%      -6.6%    30.7%
   S.W. Fla. Int’l       676,078 598,478 691,038         13.0%             -2.2%
                                                                                            LEE     13.8%     14.0%     10.1%      -1.4%    32.0%
 Sarasota/Brad.          114,451 107,534 115,212          6.4%             -0.7%
                                                                                     SARASOTA       12.4%     12.3%      8.4%      -0.3%    42.8%
        Naples*                0         0         0        n/a              n/a
       Charlotte
        County            19,341   13,411          0     44.2%               n/a        REGION      12.9%     13.1%      9.2%      -1.9%    36.6%

                                                                                          STATE     11.6%     11.5%      7.9%      -0.3%    45.7%
        REGION           809,870 719,423 806,250         12.6%             0.4%
                                                                                    Note: Sum of detail may not equal totals due to rounding.
 SOURCE: Local Airport Authorities.
                                                                                                                                                                Page 2




                                                                                    * Calculation of percent change is by actual revised number’s.
 *Naples airport currently doesn’t have any airlines.
                                                                                    Source: Agency for Workforce Innovation.


Economic Views Online: http://www.swfrpc.org/views.shtml                                                                     Website: http://www.swfrpc.org
                                                                                                                                    Email: info@swfrpc.org
                                                                                                                                       February 2010

                                       Southwest Florida Regional Planning Council

                                            Economic
                                               Views
            Serving Charlotte, Collier, Glades, Hendry, Lee and Sarasota Counties Since 1973

     Consumer Price Index                                                                        Sales Activity
The Consumer Price Index (CPI-U) for all urban consumers measures                Sales activity in Southwest Florida is measured by gross and tax-
the cost of items in several specific categories and is used as an indica-       able sales for each county. For November 2009, gross and tax-
tor of the general rate of inflation through time. The CPI-U during              able sales in the region totaled approximately $3.0 million and
December 2009 decreased 0.2 from November 2009. The CPI-U                        $1.6 million, respectively. This is a 7.1% decrease in gross sales
for December 2009 was 215.9, an increase of 2.7% from Decem-                     and a 10.0% increase in taxable sales from October 2009. Hendry
ber 2008.                                                                        County was the only one to report an increase in Gross sales and
                        CONSUMER PRICE INDEX                                     Glades County was the only one to report an increase in Taxable
                                                               % CHANGE          sales this month as compared to the previous year.
                                                            NOV. 09/DEC. 08/
                                                                                 Gross sales in the region between November 2008 and Novem-
                GROUP       DEC. 09NOV. 09        DEC. 08 DEC. 09 DEC. 09        ber 2009 decreased 3.9%. Taxable sales decreased 2.7% during
             ALL ITEMS         215.9     216.3      210.2      -0.2%      2.7%   the same period. By incorporating the change in the cost of living
 FOOD & BEVERAGES              218.0     217.7      218.8       0.1%     -0.4%   (2.71%) and the average annual population growth rate (4.3%) for
             HOUSING           215.5     215.8      216.1      -0.1%     -0.3%   the same time period, real gross sales decreased 11.4% per capita.
              APPAREL          119.4     122.5      117.1      -2.5%      2.0%   Real taxable sales decreased 9.9%.
    TRANSPORTATION             188.3     188.6      164.6      -0.2%    14.4%                                SALES ACTIVITY
       MEDICAL CARE            379.5     379.6      367.1      -0.0%      3.4%    **Regional sales data is not yet released for the current month reflected
                                                                                  in the views. Sales data will always be one month behind.
         RECREATION            113.2     113.8      116.7      -0.5%     -3.0%
                                                                                  GROSS SALES ($000)
         EDUCATION/
           COMMUN.             128.9     128.8      125.9       0.1%      2.4%                                                            % CHANGE
 OTHER GOODS/SVCS              377.3     376.7      349.2       0.2%      8.0%                    NOV. 09     OCT. 09     NOV.08 OCT. 09/ NOV. 2008/
                                                                                      COUNTY     (PRELIM)    (PRELIM) (REVISED) NOV. 09 NOV. 2009
Purchasing power of the consumer dollar.                                          CHARLOTTE       244,812     517,942     247,037     -52.7%         -0.9%
                         1982-1984= $1.00 DEC. 09 = 0.463                             COLLIER     705,632     675,624     755,411       4.4%         -6.6%
                                                                                      GLADES         8,117       7,821       9,117      3.8%        -11.0%
                                1967= $1.00 DEC. 09 = 0.155
                                                                                      HENDRY       93,914     105,667       90,860    -11.1%         3.4%
SOURCE: U.S. Department of Labor
                                                                                           LEE 1,133,992 1,131,038 1,206,584            0.3%         -6.0%

                      LEPC INFORMATION                                             SARASOTA       816,329     793,310     817,082       2.9%         -0.1%
                              February 25, 2010
                                                                                      REGION 3,002,795 3,231,401 3,126,091              -7.1%        -3.9%
9:30 a.m. - Southwest Florida (District IX) Local Emergency Planning Committee    TAXABLE SALES ($000)
for Hazardous Materials (LEPC) Meeting
                                                                                                                                          % CHANGE
11:00 a.m. - The Southwest Florida Regional Hazmat Teams Policy Group Meeting
                                                                                                  NOV. 09     OCT. 09     NOV.08 OCT. 09/ NOV. 2008/
Both meetings will be held at the Southwest Florida Regional Planning Council,        COUNTY     (PRELIM)    (PRELIM) (REVISED) NOV. 09 NOV. 2009
1926 Victoria Avenue, First Floor Conference Center, Fort Myers, Florida 33901    CHARLOTTE       135,450     123,043     136,587      10.1%         -0.8%
                                                                                      COLLIER     416,995     357,695     422,061      16.6%         -1.2%
              SWFRPC MEETING SCHEDULE                                                 GLADES         2,044       2,476       1,799    -17.5%        13.6%
  Regional Planning Council                  Third Thursday of each month             HENDRY       20,220      19,357       20,709      4.5%         -2.4%
  Lee County MPO                             Monthly
  Technical Advisory Committee               Monthly                                       LEE    654,022     608,490     685,714       7.5%         -4.6%
  Citizen Advisory Committee                 Monthly                               SARASOTA       408,153     377,169     414,575       8.2%         -1.5%
  LEPC                                       Quarterly
  Disaster Preparedness                      Thursday after LEPC meeting              REGION 1,636,884 1,488,230 1,681,445             10.0%         -2.7%
                                                                                                                                                              Page 3




  Lee Trans. Disadvantaged                   Quarterly
  Glades/Hendry Trans. Disadvantaged         Quarterly                            SOURCE: Florida Department of Tax Research.


Economic Views Online: http://www.swfrpc.org/views.shtml                                                                    Website: http://www.swfrpc.org
                                                                                                                                   Email: info@swfrpc.org
                                                                                                                  February 2010

                                  Southwest Florida Regional Planning Council

                                      Economic
                                         Views
           Serving Charlotte, Collier, Glades, Hendry, Lee and Sarasota Counties Since 1973

                                               Building Permits
   Residential building activity is measured by the number of single-family and multifamily building permits issued during a given
   month. In December 2009, 270 residential permits were issued in Southwest Florida. This is 101 more permits than were issued in
   December 2008. The number of units covered by these permits increased by 199 from 192 in December 2008 to 391 in December
   2009. Compared with the figures reported for November 2009, the number of units for December 2009 increased by 225. From
   November 2009 to December 2009, permits issued decreased by 116.

   The region reported a residential building valuation of $65,331,292 in December 2009. This is an increase of 14.5% compared to
   the valuation of residential permits issued in December 2008, which totaled $57,047,171.
                                                      BUILDING PERMIT ACTIVITY
                                        DECEMBER 2009*                               NOVEMBER 2009**
                       SINGLE MULTI-FAMILY RESIDENTIAL                      SINGLE MULTI-FAMILY   RESIDENTIAL
                COUNTY FAMILY PERMITS UNITS     VALUE                       FAMILY PERMITS  UNITS      VALUE


            CHARLOTTE            18            0      0        $3,631,175       10          0          0 $1,876,000
               COLLIER           86            3     12       $24,517,000       30          2          8 $16,253,000
               GLADES             2            1      2         $439,348         3          0          0   $399,800
               HENDRY            65            0      0        $1,276,775       18          0          0   $614,000
                   LEE           57            4      8       $13,309,885       58          4         10 $14,914,030
             SARASOTA            33            1    108       $22,157,109       29          0          0 $8,408,526


               REGION*          261            9    130       $65,331,292      148          6         18 $42,465,356


                                      DECEMBER 2008***                      UNIT CHANGE          % CHANGE OF VALUE
                       SINGLE MULTI-FAMILY RESIDENTIAL NOV. 09/ DEC. 08/ NOV. 09/                              DEC. 08/
                COUNTY FAMILY PERMITS UNITS     VALUE   DEC. 09 DEC. 09/ DEC. 09                               DEC. 09/


            CHARLOTTE             9            0       0       $2,085,190        0           9     93.6%          74.1%
               COLLIER           53            2       8      $21,886,750       68         37      50.8%          12.0%
               GLADES             0            0       0               $0        1           4      9.9%            n/a
               HENDRY             1            0       0        $101,307        37         64    107.9%        1160.3%
                   LEE           59            4      12      $19,346,830        7          -6    -10.8%         -31.2%
             SARASOTA            40            1      10      $13,627,094      112         91    163.5%           62.6%


               REGION*          162            7      30      $57,047,171      225       199      53.8%           14.5%

            * Data does not include Hendry County for December 2009
                                                                                                                                         Page 4




            ** Data has all been provided for November 2009
            ***Data does not include Fort Myers Beach for November 2008


Economic Views Online: http://www.swfrpc.org/views.shtml                                                Website: http://www.swfrpc.org
                                                                                                               Email: info@swfrpc.org
                                                                                                                        February 2010

                                     Southwest Florida Regional Planning Council

                                          Economic
                                             Views
               Serving Charlotte, Collier, Glades, Hendry, Lee and Sarasota Counties Since 1973
Summary Economic Indicators                                                       Economic Indicators
INDICATORS                 DECEMBER 2009DECEMBER 2008 % CHANGE
                                   (PRELIM)         (REVISED)                07      2008                     2009
UNEMPLOYMENT
State                                 11.6%              7.9%       45.7%               A IR P O R T
                                                                                        P AS S EN GERS
Region                                12.9%              9.2%       36.6%
 County
  Charlotte                           13.0%              9.7%       32.4%
  Collier                             11.9%              7.9%       43.8%
  Glades                               9.4%              7.3%       26.7%                     B U IL D IN G
                                                                                              P E R M ITS
  Hendry                              13.5%             10.2%       30.7%
  Lee                                 13.8%             10.1%       32.0%
  Sarasota                            12.4%              8.4%       42.8%
LABOR FORCE
 State                            9,147,000         9,248,000        -1.1%
 Region                             675,239          697,633         -3.2%
                                                                                         LAB O R FO R C E
EMPLOYED
 State                            8,090,000         8,523,000        -5.1%
 Region                             588,000          633,781         -7.2%                 P R IM E R A TE

UNEMPLOYED
 State                            1,058,000          726,000        45.7%
 Region                              87,239            63,852       36.6%                  TAXAB LE
AIRPORT PASSENGERS                                                                         S ALES

 Region                             809,870          806,250          0.4%
  S. W. Int’l Airport               676,078          691,038         -2.2%
  Sarasota/Bradenton                114,451          115,212         -0.7%
  Naples                                   0                 0         n/a        U N EM P L O YM EN T
 Charlotte County                    19,341                  0         n/a
BUILDING PERMITS
 Regional                               270               169       59.8%
 Single Family                          261               162       61.1%
 Multi-Family                              9                 7      28.6%
TOTAL VALUE
 Residential                   $65,331,292       $57,047,171        14.5%
 All Permit Activity          $160,514,127      $182,202,393        -11.9%
REGIONAL SALES ($000)**
 Taxable Sales                   $1,636,884       $1,681,445         -2.7%
 Gross Sales                     $3,002,795       $3,126,091         -3.9%
***Regional sales data is not yet released for the current month reflected
                                                                                                                                               Page 5




in the views. Sales data will always be one month behind.
CONSUMER PRICE INDEX                  215.9             210.2         2.7%
PRIME INTEREST RATE                    3.3%              3.6%        -9.7%
Economic Views Online: http://www.swfrpc.org/views.shtml                                                      Website: http://www.swfrpc.org
                                                                                                                     Email: info@swfrpc.org

				
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