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2015 South Atlantic Region Forecast

Nov. 20, 2014
The region is bristling with economic drivers that should keep business humming for years to come. Washington, D.C., is a top-five market for multi-family residential construction this year and in Miami builders have already pulled 7,000 multi-family construction permits, as of August. Overall, the region's electrical sales should grow 8.9% in 2015, outpacing the nation by a sizable margin.

The South Atlantic Region seems to have a perfect storm of economic drivers that should continue to power the area’s economy for years to come.  Five of the region’s largest cities —Washington, D.C., Atlanta, Miami, Charlotte and Raleigh — added a combined 287,000 residents in 2012-2013, sparking big-time growth in single-family and multi-family construction. Washington, D.C., is one of the U.S.’s five largest multi-family construction markets this year, and Miami has already added close to 7,000 multi-family permits through August. Port cities along the Eastern Seaboard including Baltimore, Charleston, S.C., Jacksonville, Fla., and Miami, are investing billions of dollars to bulk up their infrastructure so they can handle the latest generation of container ships.

SOUTH ATLANTIC REGION

ELECTRICAL DISTRIBUTOR SALES DATA

Electrical Wholesaling forecasts more than $7.2 billion in combined 2014 electrical sales for Florida and Georgia.

EMPLOYMENT IN KEY CUSTOMER GROUPS

IN THE SOUTH ATLANTIC REGION

You can use the employment data below to calculate sales potential for key customer groups by region, state and Metropolitan Statistical Area (MSA) by using this data and Electrical Wholesaling's 2015 Sales Multipliers. To get these multipliers and to learn how to use them, click here to get to Electrical Wholesaling 2015 Market Planning Guide. Just scroll down and search for "multipliers."