Economic Outlook Orlando, FL December 20 th, 2011.

Slides:



Advertisements
Similar presentations
Recession and Recovery: A Look Into Our Economic Future First Coast Real Estate Economic Outlook Conference and Expo Jacksonville, FL March 23 rd, 2010.
Advertisements

An Economic Forecast in Uncertain Times Orlando, FL May 22nd, 2014.
Emerging Growth: Mid- Decade Economic Trends University of North Texas Center for Economic Development and Research December 2014.
An update on the economic performance of Northwest Indiana Prepared for the Northwest Initiative by Morton J. Marcus December 2003 How are we doing?
Economic Outlook for Consumers William Strauss Senior Economist and Economic Advisor Federal Reserve Bank of Chicago University of Illinois Center for.
Emerging Growth: Mid- Decade Economic Trends University of North Texas Center for Economic Development and Research April 2015.
Employment Projections -- General Information
1 The Great Recession and its Lasting Impacts Mark A. Berreth, Regional Economist, LMEA Sept. 28, 2011.
Wichita 2007 Review 2008 Forecast Janet Harrah, director Center for Economic Development and Business Research, WSU October 2007.
Tri County Economic Forecast 2007 BMU January 11, 2007.
2013 Florida Legislative Overview UNITED WAY OF MIAMI-DADE 2013 FLORIDA LEGISLATIVE PREVIEW February 27, 2013 Presented by Ted Granger, President United.
Almost Boring: Residential Housing in 2015 DR. JIM GILKESON, CFA CFA SOCIETY OF ORLANDO APRIL 9, 2015.
The 2015 Economy: Staying the course?? R. Christopher Jones, Ph.D.
Economic Contributions of Florida Agriculture, Natural Resources, Food & Kindred Product Manufacturing, Distribution and Service Industries: 2008 Update.
U.S. & Florida Economic Update Orlando, FL March 14 th, 2013.
Fairfax Committee of 100 February 24, 2015 The Northern Virginia and Washington Area Regional Economic Outlook David E. Versel, AICP Senior Research Associate.
U.S. & Florida Economic Update Sarasota, FL July 11th, 2013.
Rhode Island Edward Mazze, Ph.D. Distinguished University Professor of Business Administration University of Rhode Island.
Economic Outlook March 2012 Economic Policy Division.
An Economic Outlook Orlando, FL April 13 th, 2012 Central Florida Chapter FGFOA.
Recession, Recovery & the Repercussions of Both Springfield, MO September 18 th, 2012.
Bernard L. Weinstein, Ph.D. Presentation to ISM-Dallas January 10, 2008 A Falling Dollar, $100 Oil, and the Sub-Prime Mess: Is a Recession Inevitable?
An Economic Forecast Tampa, FL September 1 st, 2015.
DBIA-MAR Luncheon February 19, 2013 The U.S. and Washington Area Economies’ Current Economic Performance and Near-Term Outlook Stephen S. Fuller, Ph.D.
COCHISE COLLEGE Center for Economic Research Economic Review & Outlook Douglas, AZ.
Housing in West Florida November 16, In this part of today’s presentation, we will:  Briefly examine the impact of the base realignment on housing.
Economic Outlook 2014 Robert Carreira, Ph.D.. Real GDP Growth (%)
COCHISE COLLEGE Center for Economic Research Economic Review & Outlook Sierra Vista, AZ.
2013 Florida Legislative Overview FLORIDA ADVOCACY DAYS LEGISLATIVE BRIEFING TRINITY UNITED METHODIST CHURCH April 8, 2013 Presented by Ted Granger, President.
West Alabama Real Estate Summit Tuscaloosa, AlabamaAugust 24, 2012 Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce.
Tony Villamil Florida Entered the New Year with Strong Economic Momentum: A Positive Environment for South Florida Real Estate Economic Outlook:
Dr. Jim Gilkeson, CFA CFA Society of Orlando February 27, 2014.
U.S., Florida & Orange County Economic Update 2015 Economic Summit Orlando, FL December 15 th, 2015.
Economic Outlook 2014 Robert Carreira, Ph.D.. Real GDP Growth (%)
National, State and Local Economic Outlook January 6th, 2009.
Economic Outlook 2014 Robert Carreira, Ph.D.. Real GDP Growth (%)
2011 NIFA HOUSING INNOVATION MARKETPLACE CONFERENCE JANUARY 26, 2011 ERIC THOMPSON, DIRECTOR UNL BUREAU OF BUSINESS RESEARCH & NEBRASKA BUSINESS FORECAST.
Economic Outlook 2014 Robert Carreira, Ph.D.. Real GDP Growth (%)
A Presentation to the Connecticut Business and Industry Association Michael Goodman, Ph.D. Director of Economic and Public Policy Research UMass Donahue.
The 2014 Economy: Back to the Future (or maybe back to the early 90’s) R. Christopher Jones, Ph.D.
Washington Area Compensation and Benefits Association February 21, 2013 Uncertain Economic Times: Impacts on Local DC, MD and VA Employers and Employees.
ECONOMIC OUTLOOK AND MONETARY POLICY RECOMMENDATIONS November 2, 2012 New York, NY.
Economic Outlook Orlando, FL January 11 th, 2011.
Local Economic Outlook Silicon Valley US-China Economic & Technology Forum October 26, 2012 Tom Means Director, Council for Economic Education San Jose.
Economic Outlook December 2014 Economic Policy Division.
December 3, The State of The Economy In this presentation National forecasts are produced by Global Insight, Inc. State and Metropolitan forecasts.
Economic Outlook Orlando, FL January 5 th, U.S. Forecast  U.S. has endured a Severe Recession  The “Great Recession” is now over  So why doesn’t.
U.S., Florida & Miami Economic Update 2016 Outlook Summit Coral Gables, FL January 20 th, 2016.
Economic and Commercial Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist National Association of REALTORS ® May 14, 2015 Washington, D.C.
SIERRA VISTA Economic Outlook 2015 Robert Carreira, Ph.D.
SECURING FLORIDA’S FUTURE Jerry D. Parrish, Ph.D. Chief Economist & Director of Research Florida Chamber Foundation
BENSON Economic Outlook 2015 Robert Carreira, Ph.D.
BISBEE Economic Outlook 2015 Robert Carreira, Ph.D.
Wichita 2008 Review 2009 Forecast Rob Allison, Interim Director Center for Economic Development and Business Research W. Frank Barton School of Business.
Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC LAEDC Economic Forecast & Industry Outlook Office of the City Controller,
Ahmad Ijaz Center for Business and Economic Research The University of Alabama 28 th Annual Economic Outlook Conference January 14, 2016.
Economic Overview Washington State Examiner School
Overview The Buffalo economy performed relatively well through the Great Recession, outperforming many of its upstate peers and its own historical experience.
The 2016 Economy: Our “Slow, Steady Ride”
Houston’s Labor Market
2017 Economic Outlook IREM Los Angeles
Washington Area Economy: Performance and Outlook
Economic Policy Division
The Current Performance and Near-Term Outlook for
Economic Outlook 2016 Robert Carreira, Ph.D.
Economic Outlook 2016 Robert Carreira, Ph.D.
Thousands of data points
Economic Outlook 2016 Robert Carreira, Ph.D.
Economic Outlook Las Vegas, NV November 29th, 2018
Presentation transcript:

Economic Outlook Orlando, FL December 20 th, 2011

U.S. Forecast Gone Wilde Oscar Wilde

U.S. Forecast  Are We Experiencing a Dorian Gray Recovery?  Are the Sins, Transgressions and Policy Missteps During, and in the Wake of, the Great Recession Appearing on the Visage of the U.S. Economy?

U.S. Forecast  Lost Wealth and Languishing Labor Market  A Downward force on consumer spending  In 3 rd Quarter Wealth Contracted as Financial Asset Values Declines

U.S. Household Wealth (Trillions of $) Q1* 2011 Q3 Total Assets Financial Assets Home Equity Net Worth

U.S. Economic Outlook 2011 Q Q Q Q Q Q2 GDP % Change, Annual Rate Consumer Price Index % Change, Annual Rate Consumer Sentiment Consumption % Change, Annual Rate

U.S. Forecast

A look at the Florida housing data: October 2011 Snapshot

Realtor SalesMedian Sales Price Region or MSA October 2011 October 2010 %Chg October 2011 October 2010 %Chg STATEWIDE 13,75512,1459$131,200$136,600-4 Fort Myers-Cape Coral 9381,002-6$102,100$89,10015 Melbourne-Titusville- Palm Bay $106,800$97,6009 Lakeland-Winter Haven $104,300$94,2006 Pensacola $142,000$141,2001 Ocala $80,300$79,7001 Orlando 2,1361,82217$127,800$130,800-2 Florida Sales Report – October 2011 Single-Family, Existing Homes

Florida Sales Report – October 2011 Single-Family, Existing Homes Realtor SalesMedian Sales Price Region or MSA October 2011 October 2010 %Chg October 2011 October 2010 %Chg STATEWIDE 13,75512,1459$131,200$136,600-4 West Palm Beach- Boca Raton $184,900$221, Jacksonville $124,100$141, Miami $174,600$199, Gainesville $154,00$174, Tampa-St. Petersburg- Clearwater 2,2071,92315$123,800$137, Orlando 2,1361,82217$127,800$130,800-2

A look at the housing data: January 1994– October 2011

Florida Forecast  In 2010 the recovery began, we finished some repairs, loaded up and pushed back from the gate and slowly taxied to the runway is our new runway  Heavy crosswinds in 2011 necessitated the change  As year progresses we will gradually pickup speed  Job growth doesn’t takeoff until 2013 and 2014  Turbulence  Demographics hinder recovery  Housing market woes weigh  Budget shortfalls: State & local government

Florida Economic Outlook IEC 4 th Quarter 2011 Forecast

Florida Economic Outlook IEC 4 th Quarter 2011 Forecast

Florida Economic Outlook IEC 4 th Quarter 2011 Forecast

Florida Economic Outlook IEC 4 th Quarter 2011 Forecast

Region Population Growth Average % ChgRank Florida Deltona 0.69 Gainesville 0.88 Jacksonville 1.43 Lakeland 1.43 Miami 1.34 Naples 1.82 Ocala 1.34 Orlando 1.91 Palm Bay 1.16 Pensacola 1.07 Tallahassee 1.34 Tampa Averages; Q Forecast

Region Employment Growth Average % ChgRank Florida Deltona 1.83 Gainesville 0.87 Jacksonville 1.92 Lakeland 1.26 Miami 1.64 Naples 1.64 Ocala 1.83 Orlando 2.01 Palm Bay 0.79 Pensacola 1.35 Tallahassee 0.68 Tampa Averages; Q Forecast

Orlando Metro Forecast

Averages; Q Forecast ORLANDO Sector % Average Annual Growth Professional & Business Services 3.7 Leisure & Hospitality2.8 Education-Health Services2.7 Trade, Transportation & Utilities 1.9 Manufacturing1.3 Construction & Mining1.3 Other Services0.8 Information0.8 Financial0.5 State & Local Government0.4 Federal Government-3.1

Sean M. Snaith Sean M. Snaith, Ph.D.Director Institute for Economic Competitiveness (407) Thank you