Florida Inv | Jean Deglon
Mixed bag for housing starts in Palm Beach, Broward

Mixed bag for housing starts in Palm Beach, Broward

Builders started fewer homes last year in Palm Beach County, but the decline wasn’t for lack of demand, a new analysis shows.

The county had 1,964 housing starts in 2016, a 12 percent decline from 2015 and an 8 percent slide from 2014, according to figures compiled by the Metrostudy research firm.

David Cobb, regional president for Metrostudy, attributed the dropoff to short-term delays in builders being able to acquire and prepare lots.

More than 6,000 vacant, undeveloped lots are in the pipeline countywide, and those should translate to increased construction in 2017, Cobb said.

“We’ll see the starts rebound a little bit,” he said. “There’s not been a falloff in the interest for new houses.”

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Builders started fewer homes last year in Palm Beach County, but the decline wasn’t for lack of demand, a new analysis shows. The county had 1,964 housing starts in 2016, a 12 percent decline from 2015 and an 8 percent slide from 2014, according to figures compiled by the Metrostudy research firm. David Cobb, regional president for Metrostudy, attributed the dropoff to short-term delays in builders being able to acquire and prepare lots. More than 6,000 vacant, undeveloped lots are in the pipeline countywide, and those should translate to increased construction in 2017, Cobb said. “We’ll see the starts rebound a little bit,” he said. “There’s not been a falloff in the interest for new houses.” Read more … http://www.sun-sentinel.com/real-estate/fl-bz-housing-starts-for-2016-story.html www.RSF-TRUST.com #RealtyServicesFlorida #JeanDeglon

Mixed bag for housing starts in Palm Beach, Broward

 


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