
Tom Hudson
Senior Economics Editor and Special CorrespondentTom Hudson is WLRN's Senior Economics Editor and Special Correspondent.
Hudson's extensive reporting on South Florida's economy has taken him from the waters of Florida Bay to the depths of the PortMiami tunnel (and countless offices and conference rooms). He has interviewed bartenders and bankers, caregivers and CEOs to report on the people behind economic statistics.
He began his business reporting career in March 2000, just weeks after the dot-com bubble burst. He has reported from the trading floors of the CME, Chicago Board Options Exchange, NASDAQ and New York Stock Exchange. He previously served as Vice President of News at WLRN when he created and hosted The Sunshine Economy for 10 years. He was managing editor and co-anchor of Nightly Business Report on PBS.
Hudson is married with two sons and advises every bicycle rider to always wear their helmet.
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Condo sales keep falling while home prices hold steady. Look up how condo sales have been in your zip code.
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Single family home prices in South Florida have continued to rise over the past year. While the pace of the price increases is expected to moderate, one expert does not foresee a cliff.
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President Trump paused most of his global reciprocal tariffs until July. Florida's economy is dominated by consumers — residents and tourists. The threat of tariffs comes as consumer anxiety has increased.
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City Furniture is one of the largest importers using PortMiami, bringing in patio chairs, rugs and tables from Asia. It hopes to ‘spread out’ its higher costs to shoppers, but its CEO doesn’t expect President Trump’s tariffs to ignite a renaissance of furniture manufacturing in the U.S.
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High priced South Florida homes and condos are finding buyers while older and lower priced condos struggle across the region.
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South Florida’s jobless rate was 3% in January, according to data released Monday by the state Commerce Department. The region still has the lowest unemployment rate in the state. The state lost jobs in construction but gained positions in healthcare and hospitality.
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Food costs help boost inflation to start the year, but prices are rising beyond the grocery aisle. It is testing consumer's economic optimism.
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Florida has a large number of federal government workers. There are concentrations in regions with military bases and space operations. They are predominately represented by Republicans in Congress.
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Miami Beach has made no secret that it does not want traditional spring breakers to crowd its bars, streets and beach. This year will see a financial advisory event compete with college students during the most important month of the year for the city's hospitality industry. "A lot of negative advertising is definitely frightening people away," said one hotel owner.
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It’s been almost two months since older condominium buildings in Florida had to be inspected. It was one of the requirements put in place after the Champlain Towers South collapse in Surfside killed 98 people. Most have not submitted their results.
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Citizens cannot sell insurance to homes with replacement costs over $1 million in Miami-Dade and Monroe counties. A new bill would increase that limit to cover more higher-priced homes.
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The new year was off to a messy start for South Florida condo sales. Palm Beach County was a small bright spot. Home prices kept climbing to new records, though.