The string of unoptimistic news on the Florida housing market has grown a little longer this week.
According to a July 5th article on BusinessInsider.com, “The U.S. housing market is made up of many much smaller markets, some that are growing and some that aren’t. Florida was one housing market that got hit the worst when the housing bubble burst.”
The piece goes on to explain that, even though technically speaking the Florida housing market is in a “recovery”, the already anemic recovery is slowing down.
More from BusinessInsider: “Every month, we analyze a litany of statistics for our research clients, and we have been pointing out a disturbing trend. Florida’s employment growth is slowing. Florida currently has the slowest year-over-year payroll employment growth of any region in the nation. Of the 20 metropolitan areas in Florida we analyze, 12 of them are now experiencing year-over-year job losses. While the larger metropolitan areas (Tampa, Orlando, Miami, and Jacksonville) are still experiencing year-over-year job gains, the pace is slowing.”
Because the housing market is directly tied to job creation, Amendment 4 is needed now more than ever to keep the recovery from stalling.
A recently released study by Florida TaxWatch shows that Amendment 4 will create well over 19,000 Florida jobs and increase Florida’s GDP by over $1.1 billion.
The choice is clear. Florida needs jobs. Florida needs a robust housing market. Florida needs to vote YES on Amendment 4.