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Economic Snapshot: Existing home sales at 10-year high

Photo credit to Dan Moyle

March’s existing home sales pace surpasses January as the strongest month of sales since February 2007. Existing home sales Total existing home sales rose 4.4 percent to a seasonally adjusted annual rate of 5.71 million in March, from a downwardly revised 5.47 million in February. This is 5.9 percent above the previous year and the strongest month in a decade. ...

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Boat sales growth continues to slow in March

Info-Link Bellwether report March 2017

Boat sales were up year-over-year in March, but the rate of growth continued to slow last month, according to the latest Info-Link Bellwether report. According to Info-Link, the Bellwether report tracks sales of powerboats across the country based on new U.S. boat registrations on a rolling 12-month basis. Bellwether states are geographically dispersed states representing roughly half of the US ...

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Economic Snapshot: Builder confidence drops from March, remains healthy

Builder confidence in the market for newly built single-family homes fell three points to a level of 68 in April on the National Association of Home Builders/Wells Fargo Housing Market Index. The drop follows a 12-year high in March. “Even with this month’s modest drop, builder confidence is on very firm ground, and builders are reporting strong interest among potential ...

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Weekly 5: Southeast U.S. Boat Show canceled

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com 1. Southeast U.S. Boat Show canceled The Southeast U.S. Boat Show, scheduled for this weekend in Jacksonville, Fla., has been canceled, News4Jax reported. Move-in for the show was scheduled ...

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Economic Snapshot: Small business optimism levels off in March

The National Federation of Independent Business Small Business Optimism Index slipped 0.6 points to 104.7 in March. The small business optimism index remains strong and at record-high levels, despite the slight decline this month. “Small business owners remain optimistic about the future of the economy and the direction of consumer confidence,” said NFIB President and CEO Juanita Duggan. “We are ...

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Q&A with BRP Evinrude’s Olivier Pierini

In January, Olivier Pierini joined BRP as director of global marketing & strategic planning for the Marine Propulsion Systems Division. His responsibilities will include setting the marketing strategy that includes reinvigorating the Evinrude brand and strengthening the brand’s position. Before joining BRP, Pierini worked for Nissan-Europe where he held both the positions of head of sponsorship & partnership and general ...

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Weekly 5: Ferretti Group mourns Carlo Riva

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. Ferretti Group mourns Carlo Riva Yachting legend Carlo Riva died Monday, Ferretti Group reported. "The Riva shipyards, the Ferretti Group and the entire world of yachting are grieving ...

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Q&A with Gavan Hunt, vice president of sales at Chris-Craft

Boatbuilder Chris-Craft has been increasing activity in the past year, hiring key people including vice president of sales Gavan Hunt, formerly of Cobalt Boats; Northeastern and Midwestern Regional Sales Director Norm Kraus, formerly of MasterCraft; and Southern and Western Regional Sales Director Justin Short formerly of Yamaha. Since adding Hunt, the brand has released several new boat models and added ...

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The Workforce Crisis

Labor shortages, especially in service and manufacturing, are hampering industry growth Listen to political speeches or check out the news and you’d get the idea that there isn’t a job – especially a good paying blue-collar job – to be found in this country. Statements like “What will it take to bring back domestic manufacturing jobs?” or “Why Trump will struggle ...

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