Northwest Fla.: How Bad Is It?
[Photo: U.S. Army]
“The defense business is well-funded because of increased demands for modern equipment to support military operations. We have 370 employees now, up from 300 a year ago and expect to have 400 by year-end — average pay, $35,000. We make the electronics for armored vehicles, to keep our soldiers out of harm’s way. We’re impacted by the economic downturn, however,
— Rob Cowan, human resources manager, General Dynamics Land Systems, Tallahassee
Most Indicators Are Down
“Single-family home sales in August compared to a year ago were down between 22% and 45% in the region’s four metro markets. Except for the Fort Walton Beach area, August declines were greater than year-to-date decreases, suggesting we still have some distance to go before we exit the slump.
of the state.”
— Rick Harper, director, Haas Center for Business Research and Economic Development, University of West Florida, Pensacola
|Metro Area||August Sales||1-Yr. Chg.||August Median $||1-Yr. Chg.|
|Fort Walton Beach||223||+2%||$203,900||-10%|
|Source: Florida Association of Realtors|