Economic Snapshot: Pending home sales reach eight-year high

Photo credit to Dan Moyle

By Brianna Liestman
July 2, 2015

We have plenty of great economic news to share ahead of the July 4th weekend, including record numbers in pending home sales, a return to 2014 numbers for the ADP employment report and declines in unemployment. Pending home sales  Pending home sales rose 0.9 percent to 112.6 in May, an increase from... Read more »

Florida Yachts Brokers Association aims to boost marine economy through legislative change

Photo Credit: John Spade

By Brianna Liestman
July 1, 2015

The Florida Yacht Brokers Association and attorneys and lobbyists with Becker & Poliakoff are engaging in an industry effort to amend current legislation hindering the sale of foreign-flagged yachts in the U.S. Under Title 19 CFR § 4.94, foreign-flagged boats can obtain a cruising license in the... Read more »

Investment in digital media sparks rewards

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By Brianna Liestman
June 30, 2015

When attempting to reach new buyers, marine businesses need to be where those customers are rather than stay where they have always been and hope new customers show up. Robalo Boats knew this when launching its new 16-foot walkaround center console and decided to find a unique way to reach those people. Robalo... Read more »

Census report shows increased diversity, aging white population

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Jonathan Sweet
June 25, 2015

The latest report from the U.S. Census Bureau shows the increased importance of reaching out to a wide audience of new markets if we’re going to continue to grow boating. We’ve written about this previously (most notably, in our April cover story), but today’s report on the U.S. population,... Read more »

Economic Snapshot: New and existing home sales reach record levels

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By Brianna Liestman
June 25, 2015

Both new and existing home sales rose this month at seven- and six-year highs, respectively. New home sales Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000. This is 2.2 percent above the April rate of 534,000 and 19.5 percent above the May 2014 estimate... Read more »

Boat sales growth slows in May, still ahead of 2014

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Jonathan Sweet
June 19, 2015

Boat sales continued to grow in May, but at a slower pace than earlier this year, according to the latest Info-Link Bellwether report. Sales were up by about 8 percent on a rolling 12-month basis in the Bellwether states, lower than the 10 percent rate of earlier this year. The Bellwether report tracks... Read more »

How to get the right job to find you

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By John Graham
June 18, 2015

Employment is on the up side. Employers are actively looking. Offers are getting better. Even so, many find themselves “stuck” where they are with no light at the end of the tunnel. Getting ahead eludes them; knowing how to make things happen isn’t easy. Keeping your fingers crossed that a rising... Read more »

Economic Snapshot: Builder confidence jumps in June

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By Brianna Liestman
June 18, 2015

Builder confidence is on the rise this month, while housing starts are reporting year-over-year gains amid monthly declines. Housing Market Index The Housing Market Index rose five points in June to 59, the highest reading for the index since September 2014. All three components of the HMI posted gains... Read more »

Sterndrive surfability moves forward

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By Brianna Liestman
June 15, 2015

Volvo Penta’s Forward Drive (FWD) created a buzz in the industry when it was first introduced in February at the Miami International Boat Show (MIBS). By combining a sterndrive engine, DuoProps and Volvo Penta’s Inboard Performance System (IPS), the company was able to create a forward-facing DuoProp... Read more »

Economic Snapshot: Job openings at highest level in report’s history

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By Brianna Liestman
June 11, 2015

The number of job openings increased in April from 5.0 million to 5.4 million, leading to a record-high report in the history of the Job Openings and Labor Turnover Survey. However, unemployment remained fairly steady this month. Both the number of unemployed persons and the unemployment rate have shown... Read more »

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