DOUBTS OVER HOUSING MARKET PERSIST Despite


expiring federal tax credits pushing local home sales to their highest monthly total in ten months – 538 single-family,


existing homes were sold – April’s housing data ultimately offered more questions than answers. For the fifth consecutive month, year-over-year sales growth in Brevard


County remained negative, falling 5% since April 2009. Statewide, sales have been exhibiting positive year-over-year growth since September 2008. The improved month-to-month sales in Brevard also did not translate


into higher prices but rather continued a three-month decline as the market labors under a glut of distressed inventory and stubbornly high unemployment fears.


Home For Sale


% Change from Previous Year Florida


Home Sales- Brevard


May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr 2009


2010 Source: Florida Association of Realtors Key Monthly Indicators


Payroll Employment1 Unemployment Rate1 Home Sales2


Median Sales Price2 Housing Units Authorized3


Revenue Passengers, Melbourne International Airport4


Cruise Passengers, Port Canaveral5 Hotel Occupancy Rate6


Taxable Sales7 Index of Retail Activity7 Sources: 1 Association of Brevard; 4


CURRENT MONTH


194,100 11.4% 538


$104,000 75


34,603


232,895 68.3%


$554.6m 116.3


PREVIOUS MONTH


Apr 2010 Mar 2010


194,300 12.3% 490


$105,800 108


40,737


241,853 78.3%


Mar 2010 Feb 2010


$490.5m 115.6


Florida Agency for Workforce Innovation, Labor Market Statistics Center; 2 Melbourne Airport Authority; 5


Canaveral Port Authority; 6


YEAR AGO Apr 2009


198,200 9.4% 564


$113,600 59


20,764


196,050 63.9%


Mar 2009


$551.6m 116.8


Economic & Demographic Research. Numbers represent most recent data available at time of preparation. ‘By the Numbers’ is a monthly review of the Brevard economy, prepared by the


Economic Development Commission of Florida’s Space Coast. For the very latest on these and other indicators in the Brevard economy, visit www.spacecoastedc.org/ DataCenter/EconomicIndicators.aspx.


spacecoastbusiness.com JULY2010[65


MONTHLY % CHANGE


to Apr 2010 Mar 2010


-0.1% 0.9% 9.8% -1.7% -30.6% -15.1%


-3.7% -10.0%


to Mar 2010 to Mar 2010 Feb 2010


13.1% 0.6%


Florida Association of Realtors; 3 Space Coast Office of Tourism; 7


Mar 2009


0.5% -0.4%


Home Builders & Contractors Florida Legislature, Office of


% CHANGE Apr 2009


ANNUAL Apr 2010


-2.1% -2.0% -4.6% -8.5% 27.1% 66.6%


18.8% 4.4%


70% 50% 30% 10% -10% -30%


SOLD


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