1. by Albert Williams, Ph.D., Associate Professor of Finance and Economics Huizenga School of Business by Albert Williams, Ph.D., Associate Professor of Finance and Economics Huizenga School of Business

2. Source: Wikipedia.com

4. USA Florida Industry2013Percent2013Percent ($million) All industry total 16,701,415.00100% 800,492.00100% Private industries 14,613,827.0088% 700,423.0087% Agriculture, forestry, fishing, and hunting 269,099.002% 9,086.001% Mining 449,352.003% 2,478.000% Utilities 287,068.002% 15,173.002% Construction 611,374.004% 34,705.004% Manufacturing 2,079,518.0012% 39,616.005% Durable goods manufacturing 1,096,437.007% 23,556.003% Nondurable goods manufacturing 983,081.006% 16,060.002% Wholesale trade 998,685.006% 56,490.007% Retail trade 956,302.006% 61,580.008% Transportation and warehousing 490,257.003% 24,540.003% Information 802,378.005% 30,927.004% Finance, insurance, real estate, rental, and leasing 3,293,209.0020% 177,675.0022% Finance and insurance 1,114,594.007% 44,522.006% Real estate and rental and leasing 2,178,614.0013% 133,153.0017% GDP for Florida and USA - 2013

5. Professional and business services 2,005,337.0012% 98,807.0012% Professional, scientific, and technical services 1,172,107.007% 54,603.007% Management of companies and enterprises 327,891.002% 12,568.002% Administrative and waste management services 505,340.003% 31,635.004% Educational services, health care, and social assistance 1,388,015.008% 77,562.0010% Educational services 187,077.001% 8,232.001% Health care and social assistance 1,200,938.007% 69,331.009% Arts, entertainment, recreation, accommodation, and food services 622,603.004% 50,498.006% Arts, entertainment, and recreation 162,548.001% 15,328.002% Accommodation and food services 460,054.003% 35,170.004% Other services, except government 360,630.002% 21,284.003% Government 2,087,589.0012% 100,069.0013% Addenda: Natural resources and mining 718,451.004% 11,565.001% Trade 1,954,987.0012% 118,070.0015% Transportation and utilities 777,325.005% 39,713.005% Private goods-producing industries 3,409,343.0020% 85,886.0011% Private services-providing industries 11,204,483.0067% 614,537.0077% GDP for Florida and USA - 2013

6. GDP growth rate for Florida is 2.2 percent in 2013 In terms of real GDP growth rate, Florida grew at 2.2 percent, which among the ten largest states was the third highest rate.

7. INFLATION - CONSUMER PRICE INDEX,MIAMI-FORT LAUDERDALE – AUGUST 2014 Area prices down 0.1 percent over the two months; up 2.4 percent over the year

8. Source: BLS

9. Employment and Unemployment - Florida Source: BLS

11. Source: Bureau of Economic and Business Research Office, University of Florida Consumer sentiment improving in Florida

12. Source: Bureau of Economic and Business Research Office, University of Florida

13. Home Prices - U.S. and Miami ¾ percent increase from August 2014 to September 2014

14. Source: Bureau of Economic and Business Research Office, University of Florida Median list price is much higher than median sale price - approximately $50,000 difference! County level will be different!

17. Summary of Florida GDP growth rate is 2.2 percent in 2013. Forecasted to be above 2 percent for 2014 and 2015 Unemployment dropping House prices increasing Consumer confidence increasing Reasonably optimistic forecast

18. Recommendations: Economic Assessment:

19. Implications Be cautious Do not forget your financial cushion