Two weeks ago, home resales were the player of the week. Last week, new-home sales stole the spotlight, but seen from either perspective the economy is winning because of contributions from these two heavy-hitting sectors.
The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.
Launched this spring, the 124-foot Perini Navi sloop Dahlak is the latest yacht from naval architect Philippe Briand’s London-based studio.
Turkish builder Numarine named French Boat Market as its exclusive distributor for France and Monaco, one of the yard’s strategic markets.
Azimut Benetti Group held a yachting gala last weekend on the island of Capri in Italy.
Plenty of Americans want to buy a house this spring, and more families and single people acquired a previously owned home in April than the month before despite rising prices and a shortage of houses for sale.
Italian shipyard Dreamline Yachts is partnering with Florida-based Intermarine Yacht Group as its exclusive distributor to open up the U.S. and Canadian markets.
American consumers haven’t quit spending. They may not be doing as much of it in department stores as they once did, but the Commerce Department’s April retail sales data and a consumer sentiment report combined last week to produce some of the best news the economy has received this year.
Pete Southgate of the Wright Maritime Group was appointed co-chairman of the technical committee of the International Superyacht Society.
Yacht charter company The Moorings is adding the Palma, Mallorca region of Spain to its list of destinations.
Few important economic reports are due this week and we’ll have to wait until Friday to see them, but we should pay close attention to retail sales data for April and the University of Michigan’s preliminary Consumer Sentiment Index for May.