The Impact of Real Estate on the Florida Economy - Update for 2004
Publication Date: October 2004
Author(s): Douglas White
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: real estate; construction
The purpose of this research is to update the previous economic impact analysis reports produced by the Shimberg Center examining the impact of residential construction at the metropolitan statistical area level. This report characterizes the importance of real estate to the economy in each MSA and to the state of Florida. Equity in real estate dominates the wealth of the typical Florida homeowner; thus, an indirect impact of the real estate is the tax revenue generated. The primary focus of this report, however, is on the direct impact of residential real estate activity, which fundamentally consists of construction and real estate related transactions. The report also documents the impact of real estate in several dimensions including investment.