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Economic Snapshot: New home sales climb, existing sales drop

Photo credit to Dan Moyle

New home sales are now at their highest rate since October 2007. Existing home sales, however, are struggling with a lack of available inventory. New home sales Sales of new single-family houses were at a seasonally adjusted annual rate of 654,000 in July 2016. This is 12.4 percent above the revised June rate of 582,000 and 31.3 percent above the ...

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Yamaha introduces 2017 WaveRunner line, new boats

Yamaha EX Series

Yamaha WaterCraft Group, a division of Yamaha Motor Corporation, U.S.A., introduced its 2017 WaveRunner line and its 2017 boat line. The products were unveiled at the company’s annual dealer meeting being held in Chicago, where Yamaha also set out its strategy to be the No. 1 global marine brand. Yamaha WaveRunners The new WaveRunner models include new EX Series starting ...

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Weekly 5: FLIBS plans improvements for 2016


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. FLIBS plans improvements for 2016 Attendees and exhibitors at this fall's Fort Lauderdale International Boat Show should see some improvements in display space, food and more, show organizers ...

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Boat sales growth slows significantly in July bellwether report

july infolink

Boat sales slowed across all categories in July, according to the latest Info-Link Bellwether report. 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 time of year). While sales ...

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Boating Industry, associations launch new career center

Marine Industry Career Network

In partnership with several trade associations in the marine industry, Boating Industry is launching the Marine Industry Career Network. "A shortage of qualified employees is one of the biggest challenges facing the industry today," said Boating Industry Editor-in-Chief Jonathan Sweet. "We believe this new collaboration with the leading trade associations in the industry will help dealers, manufacturers and others address ...

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Economic Snapshot: Builder confidence rises two points in August

New Home Construction

Builders expect the housing market to continue on an upward trajectory for the remainder of the year. Housing Market Index Builder confidence rose two points to 60 in August, up from a downwardly revised reading of 58 in July. “Builder confidence remains solid in the aftermath of weak GDP reports that were offset by positive job growth in July,” said ...

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Weekly 5: Outboard shipments up 6.7% through July


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. Outboard shipments up 6.7% through July The National Marine Manufacturers Association reports that U.S. outboard engine wholesale shipments were up 6.7 percent year-over-year through July for NMMA’s control ...

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7 rules for getting to the top in sales


It’s amazing. So many salespeople with great potential either drop out or have limited success. Most have good skills, possess the right attitude, and want to get ahead. But something holds them back. What are they missing? Simply put, they don’t know the rules for getting to the top. Here are seven that will help do the job: 1. Do ...

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Economic Snapshot: Few changes for employment

help wanted sign

Both the number of unemployed persons and the number of job openings were essentially unchanged this month. Employment situation Total nonfarm payroll employment rose by 255,000 in July and the unemployment rate was unchanged at 4.9 percent. The number of unemployed persons was essentially unchanged at 7.8 million. Both the unemployment rate and the number of unemployed persons have shown ...

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NMMA hosts successful ‘Day on the Water’ events at political conventions

RNC day on the water

More than 500 people turned out for two events highlighting the marine industry at last month's Democratic and Republican national conventions. The National Marine Manufacturers Association hosted the events along with several other industry associations and companies with the goal of advancing the industry's key issues. "It's an opportunity to highlight our industry in front of decision makers at the ...

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