Flagler and Volusia Counties Show Better Signs of Economic Recovery

Palm Coast makes top 10 on economic growth, home ownership lists

Published: Tuesday, June 24, 2014 at 4:56 p.m.
Last Modified: Wednesday, June 25, 2014 at 1:14 p.m.

PALM COAST — After topping the list as the nation’s fastest-growing city in the early 2000s and struggling mightily when the housing market collapsed during the Great Recession, Palm Coast is back in the top 10 when it comes to economic growth and home ownership, according to two separate reports.

Palm Coast’s economy is projected to grow at an annual rate of 4.3 percent through 2020, putting the city at No. 9 in the nation and second-fastest in Florida. The Palm Coast metropolitan area has a home ownership rate of 75.9 percent, putting it at No. 9 in the nation.

The Deltona-Daytona Beach-Ormond Beach metropolitan area economy is projected to grow at a 3 percent clip through 2020. Volusia County is ranked No. 67 in the NAHB survey with a home ownership rate of 70.4 percent.

See entire story here: Deltona-Daytona Beach-Ormond Beach Metro Area projects 3% growth through 2020.

IHS Global Insight Report and National Association of Home Builders Report

Story courtesy of the Daytona Beach News-Journal

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