Tag: Real Estate

Those Falling Lumber Prices? They’re Going Back Up

High lumber prices are returning, and homebuyers should brace themselves for its impact. Lumber prices can affect not only the cost of a new home, but also many remodels, such as decks and flooring. After peaking in the spring, lumber prices had been falling this summer, but that respite appears short-lived. In August, lumber prices…
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Fla. Builders Investing Heavily in New Single-Family Construction

ORLANDO, Fla. – Building permits reflect future growth, and U.S. contractors appear to be betting heavily on the Sunshine State. A study of government numbers compiled by Omnis Panels compared 2021 building permits for the first half of the year, through June, and compared them to building permits issued for the same timeframe one year…
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Construction on New Homes Slows as Supply-Chain Woes Hit the Housing Market

U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.56 million in September, representing a 1.6% decrease from the previous month, the U.S. Census Bureau reported Tuesday. Compared with September 2020, housing starts were up 7.4%. The pace of permitting for new housing units also dropped in September. Permitting for new…
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Lawmakers Consider Changes to Fla. Law After Surfside Tragedy

TALLAHASSEE, Fla. – In the aftermath of the collapse of Champlain Towers South in Surfside, Florida, state lawmakers and other stakeholders looked closely at existing laws and asked what could be done to avert a similar tragedy going forward. The building collapse killed 98 residents on June 24, 2021. In response, the Florida Bar created…
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Condo Prices Are on the Rise in Florida

SANTA CLARA, Fla. – Priced out of the single-family market, more buyers are now turning their attention toward often a more affordable alternative – condominiums and townhouses. Over the past year, sales have rapidly been on the rise, whether for a permanent residence or even as a second home. Twice as many condos sold in…
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Fla.’s Housing Market: Median Prices, New Listings Up in August

ORLANDO, Fla. – Florida’s housing market reported higher median prices, more new listings and a rise in all-cash sales in August compared to a year ago, according to Florida Realtors® latest housing data. “The data shows that new listings continue to increase, which is hopeful news for buyers who may have been waiting to see…
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Homebuilder sentiment rose in September, ending three-month decline

Optimism among builders that new single-family homes will sell rose in September after declining for three months as lumber prices fell and buyers clamored for places to live. The Housing Market Index from the National Association of Home Builders and Wells Fargo inched up one point to a seasonally adjusted 76. A reading above 50…
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Seniors might be tickled pink. Miami Beach affordable housing project is just for them.

An affordable housing project is coming to Miami Beach’s Normandy Isles Historic District, catering exclusively to seniors. The pinkish-and-white-themed Heron, a 4-story development, is slated for 1158 Marseille Drive, according to an application submitted to the City of Miami Beach Design Review Board by the Housing Authority of the City of Miami Beach. The housing…
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