The Vero Beach economy received a minor setback as new home sales fell in January. The Commerce Department released their month-end performance report showing that new home sales dropped from a 10-month high. Sales decreased 9.2% to an annual rate of 494,000 units (adjusted seasonally.) December's sales results were 544,000 units. Economists say, however, the overall housing market recovery remains on […]
Vero Beach Economy Sees Growth in Senior Debt
The Vero Beach economy is full of them –– older Americans who collectively have more debt than ever before. Baby boomers who've lived in the generation of rising housing prices, more expensive cars, and the staggering cost of higher education, now find themselves nearing retirement owing money. Recent data released by the Federal Reserve Bank of New York says the […]
Vero Beach Economy Lags
Growth in the Vero Beach economy was sluggish during the last quarter of 2015, contributing to the overall U.S. economy which ended with a 0.7% annual rate. Economists say the slowdown was due, in part, to cautious consumer spending, reduction in businesses making investments and stagnant exports to other parts of the world. Vero Beach Economy: What's Ahead? While the fourth quarter […]
Vero Beach Economy – How to Save
Many people in the Vero Beach economy say saving money is a goal in 2016. The best way to save is to have a plan. Depending on your stage of life, a savings plan requires specific financial responsibilities and actions. While there's no such thing as a plan that fits everybody's needs, here are some suggestions. Saving in the Vero Beach Economy […]
Vero Beach Economy Part of Nationwide Job Gains
Average unemployment in the Vero Beach economy mirrors that of the U.S., remaining steady at 5%. That’s a 7-year low. As the economy has grown, more people looked for employment. Job additions exceeded expectations according to recently-released November statistics. Job Growth in the Vero Beach Economy Job gains were solid nationwide, with employers adding 211,000 jobs during November. The construction industry was […]