Making News

The economy sees repeated boom and bust cycles
April 4, 2022

From The Economist: Rapid growth is heating up the Sunshine State… Migration is a big contributor. From July 2020 to June 2021, 220,000 more Americans arrived in Florida than left, 30% more than the average over the previous six years… “Work-from-home is the biggest thing to affect the growth of Florida since air-conditioning,” says Willy Nunn, boss of Homes by WestBay, Tampa’s largest private housebuilder. Whereas 15% of buyers of his firm’s homes once hailed from other states, that share has tripled since covid, with most coming from New York, New Jersey, California and Pennsylvania. Continue reading