Housing Market on the Upswing
The FHBA’s (Florida Home Builders Association) February 25th article offers promising news to the Florida housing markets. As you can see in the table; permits and price growths have been steadily increasing in 15 most improved markets throughout Florida. In January, even though there was a dip in the housing market with spring season about to begin you can expect an increase in permits and builder confidence in the market. Even with the overall decline, the pace of home construction in January was the third-highest since 2008 and was evidence of continued strengthening in residential real estate. And in an encouraging sign for the rest of the year, applications for building permits, a signal of future construction, topped December’s rate.
With fewer and fewer foreclosures and short sale homes on the market, it is a very good sign that we are at the end of the downturn and home buyers can now afford new homes in Florida. Builders are beginning to have confidence again and 2013 should be a great year to get an even greater deal on a new home in Florida. Let’s get back to work Florida 2013 is going to be a good one!