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Economic Snapshot: Builder confidence drops in June

This month’s housing market index is the lowest reading since November 2016. Housing market index Builder confidence slipped two points to a level of 64 in July, from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index. “Our members are telling us they are growing increasingly concerned over rising material prices, particularly lumber,” ...

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Info-Link: Slow boat sales growth in June

Boat sales grew in June, albeit at a slower rate, according to the latest Info-Link Bellwether report. According to Info-Link, the Bellwether report tracks sales of powerboats across the country based on new U.S. boat registrations on a rolling 12-month basis. Bellwether states are geographically dispersed states representing roughly half of the US boat market (varies by market segment and ...

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Marine dealers positive on 60th ICAST

Marine equipment manufacturers who exhibited at the 60th annual ICAST were generally pleased with their results at the world’s largest fishing tackle trade show, held last week at the Orange County Convention Center in Orlando. The 2017 show opened to heavy crowds of dealers and tackle industry professionals from 73 different countries. Exhibition space at the show sold out in ...

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Weekly 5: Recreational boating leaders hold Capitol Hill Briefings

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. Recreational Boating Leaders Hold Capitol Hill Briefings on Boating Safety and Infrastructure The National Marine Manufacturers Association announced that industry leaders held briefings in conjunction with the Congressional ...

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16 people that will throw you off course

Most of us work at finding ways to do a better job, advance in a career, and become more successful. That’s commendable, but we may differ on how to go about getting there. While most are straightforward, tackling one challenge after another, others do it differently and their actions leave marks that affect our success. Most of us can’t choose ...

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Economic Snapshot: Job openings decrease in May

Though job openings decreased in May, the number of hires increased by nearly half a million. JOLTS The number of job openings decreased by 301,000 to 5.7 million on the last business day of May, the U.S. Bureau of Labor Statistics reported, and the job openings rate was 3.7 percent. The number of job openings decreased for total private (-283,000) ...

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Ethanol still a significant challenge, survey says

Growing number of readers report ethanol-related problems Despite efforts to educate boaters about concerns over ethanol in general and E15 in particular, those in the industry are seeing a growing number of problems caused by the fuel. That’s according to the latest Boating Industry reader survey. We surveyed our readers via email in May to find out more about their ...

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Weekly 5: Treasury IDs Obama-era tax rules to reform

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. Treasury IDs Obama-era tax rules to reform The Treasury Department on Friday identified eight tax regulations that it plans to suggest changes to, following a review that was ...

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Evinrude unveils $5,999 iDock joystick piloting system

Evinrude has unveiled a new joystick piloting system for its E-TEC G2 engines that it believes will position the company to grow its market share both as an OEM and in the repower segment. With a MSRP of $5,999, the company’s new iDock joystick system comes to retail at less than half the cost of its nearest competitor. “Evinrude iDock ...

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Economic Snapshot: Private sector employment adds 158,000 jobs

Private sector employment increased by 158,000 jobs from May to June, according to the June ADP National Employment Report. This is significantly fewer jobs than were added in May, when private sector employment increased by 230,000 jobs. Medium businesses contributed most heavily to the increase, adding 91,000 jobs. Large business added 50,000 jobs, while small businesses only added 17,000 jobs. ...

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