Category: Orlando 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.