Category: Central Florida New Home Builder News
June 12, 2014 - No Comments
WASHINGTON – June 11, 2014 – New home construction activity is currently insufficient in most of the U.S., and some states could face persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation, according to a new analysis by the National Association of Realtors® (NAR). The labor market, which is a key to overall economic health, has recovered all of the eight million jobs lost since the recession. NAR measured whether new home construction has kept up with job creation to determine the impact of construction on housing supply. The findings reveal that new home construction is underperforming in 32 states and the District of Columbia.
June 11, 2014 - No Comments
WASHINGTON (AP) – June 11, 2014 – City living has been a blessing for Tim Nelson. The Phoenix lawyer moved downtown a few months ago into a new $389,000 home with a warehouse-style floor plan, a Jacuzzi tub and kitchen counters made of Caesarstone quartz. His favorite coffee spot is three blocks away. When the Arizona Diamondbacks play on Friday nights, he can watch postgame fireworks from his deck. "I like the views," said Nelson, 50. "My commute is almost nonexistent." Nelson has plenty of company. Americans increasingly say they prefer to live near the centers of cities and towns, where commutes are typically shorter and culture, restaurants and entertainment close by. It marks a shift away from the yearning for open suburban space that drove U.S. home construction for decades.
May 23, 2014 - No Comments
WASHINGTON (AP) –May 23, 2014 – Sales of U.S. new homes recovered in April after slumping in the previous two months. But Americans are still buying new homes at a slower pace than they did a year ago. The Commerce Department said Friday that sales of new homes rose 6.4 percent last month to a seasonally adjusted annual rate of 433,000. That compares with an upwardly revised annual pace of 407,000 in March, when purchases fell 6.9 percent. Buying had dropped 4.4 percent in February, in part because of winter snowstorms. Demand for newly built homes remains one of the missing pieces of the nearly 5-year-old recovery from the Great Recession. A lack of affordability has limited buying around the country. Sales of new homes are running at roughly half the rate of a healthy real estate market.
May 22, 2014 - No Comments
ORLANDO, Fla. – May 16, 2014 –While new home construction has picked up again in Florida as of late, not all areas of the state have been impacted equally. To illustrate this fact, we have developed an interactive graphic (below) using annual county-level building permit data compiled by the U.S. Bureau of the Census. Because multifamily buildings contain multiple housing units, the graphic displays the total number of housing units permitted rather than the total number of residential buildings permitted. In terms of single family home permits issued over the past five years (2009-2013), three counties have clearly stood above the rest. Hillsborough, Orange, and Sumter counties—the respective locations of Tampa, Orlando, and The Villages—have by far seen the most permit activity for single family homes.
May 18, 2014 - No Comments
U.S. home construction surged in April to its highest pace in five months. Almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling to buy single-family homes. The Commerce Department said Friday that builders started work on 1.07 million homes at a seasonally adjusted annual rate in April, up 13.2 percent from March. The gains were driven by a 42.9 percent jump in the construction of apartments and condominiums. The rate of building single-family homes rose just 0.8 percent.
April 23, 2014 - No Comments
Sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units in March, according to data released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. The decline represents an eight-month low, and it disappointed economists who predicted, on average, an increase to 450,000.
April 16, 2014 - No Comments
U.S. home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Builders started work on 946,000 homes at a seasonally adjusted annual rate in March, up 2.8 percent from 920,000 in February, the Commerce Department said Wednesday. Construction of single-family homes rose 6 percent, more than offsetting a 3.1 percent drop in the construction of apartments, condominiums and town houses.
March 4, 2014 - No Comments
// Let us work together with you to find your Orlando area dream home starting today! Average new home size up 11% since 2009 WASHINGTON – March 4, 2014 Homebuilders continue to build bigger new homes, according to data from the U.S. Census Bureau. The average size of a new home has risen more than 11 percent from 2,362 square feet in 2009 to ...
February 26, 2014 - No Comments
// Let us work together with you to find your Orlando area dream home starting today! Sales of new U.S. homes up in January WASHINGTON (AP) – Feb. 26, 2014 U.S. sales of new homes rebounded in January to the fastest pace in more than five years, offering hopes that housing could be regaining momentum after a slowdown last year caused by rising ...
February 19, 2014 - No Comments
// Let us work together with you to find your Orlando area dream home starting today! U.S. housing construction down 16% in Jan. WASHINGTON (AP) – Feb. 19, 2014 U.S. home construction fell in January for a second month, but the weakness in both months reflected severe winter weather in many parts of the country. The expectation is that housing will deliver another ...
February 18, 2014 - No Comments
// Let us work together with you to find your Orlando area dream home starting today! Bad weather puts damper on builder confidence WASHINGTON – Feb. 18, 2014 Unusually severe weather across much of the nation – plus ongoing concerns over the cost of labor and lots – caused a 10-point drop in builder confidence this month. The National Association of Home Builders/Wells ...