Information and latest news about The Deltona Corporation, Homes by Deltona and new home construction.
On Friday, July 13th, 2018 Florida's gross domestic product hit $1 trillion dollars. This means that if Florida was an independent country, it would be the world's 17th largest economy! This great growth is the result of strong employment in all areas of industry. The state's chamber stated that "Florida's economy has grown larger than Saudi Arabia's, Switzerland's, and Argentina's". All very strong economies!
There are many key factors in Florida's economic growth. Among them are low unemployment, population growth, and tourism as can be seen in Metro Orlando's economy. Analysts' state that these factors show that the state's economic growth is sustainable and not the result of an "overheated economy".
Sean Snaith, University of Central Florida economic analyst, was quoted as saying "The near-term risk of recession is still fairly low" and that this growth "is a mile marker on a longer-run trend as opposed to being fleeting or cyclical."
Some more great news shows that Florida is adding $2.7 billion to its GDP each day on average and unemployment in the state is lower than the national average among other economic factors.
What does this mean for those looking to relocate to the Sunshine State? Constant diversification of the state's economy allows for plenty of opportunities for job seekers and snowbirds alike.
If this great news has you looking for a new home in Central Florida check out what Summer Crest has to offer you and your family by clicking here.