New Home Industry is Looking Up!

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new-home-construction

New home industry really coming back?

wink-logoFORT MYERS, FL–New numbers paint a dramatic picture for the home building industry. Local home builders say sales are better than they have been in years.

BeckyNordan recently built a brand new home in Cape Coral. Her realtor, Craig Young, says building new is now a big trend.

“Essentially we have a shortage of supply and people are looking for a new product,” said young.

SWFL New Home ConstructionThe numbers seem to back that up. For the first time in seven years, more home builders say sales are good, not poor.

“We are seeing very good traffic count in our model centers and people are buying homes,” said Jonathon Pentecost of DR Horton Homes.

DR Horton is just one builder who is doing extremely well in southwest Florida. Right now they have 371 homes under construction and that’s triple the number at the same time last year.

“We are seeing a lot of confidence from the buyers, we are seeing good sales numbers month over month and our homes are selling,” said Pentecost.

From January to May in Lee County there have been 347 single family home building permits issued. Last year during that time, the number was just under 200.

“We are still cautiously optimistic, but we are really happy about what we are seeing on the horizon right now,” said Heather Mazurkiewicz with Lee Building Industry Association.

Cape Coral New Home ConstructionWith all the construction comes new jobs. Stats say for every one home built, three jobs are created.

“That is a significant amount of jobs that the industry is creating right now,” said Mazurkiewicz.

“The current market right now that is really booming is $150,000-$250,000 on the off water pool homes,” said Young.

Nordan says building new actually saved her money.

“We thought it was a better bargain than some of the re-sales we looked at,” she said.

Some of the smaller home builders also said conditions have dramatically changed, but say if interest rates spike again, the recent success could come to an end. Click here to view original article.

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

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We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

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Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
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Cape Coral Gets Employment Boost!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Fort Myers Real Estate, Job Growth, Jobs SWFL, Lee County Homes, Real Estate Advice, Real Estate Investment, Real Estate News, SWFL Home Sales, SWFL Market News, SWFL News, SWFL Real Estate

Downtown, Fort Myers, Florida, USA,

Where The Jobs Will (And Won’t) Be In 2013

Though Florida is still recovering from the subprime mortgage crisis of 2008 and the state unemployment rate sits at 8.5%, almost a point higher than the national rate of 7.7%, some pockets of the state are experiencing strong job growth. In fact employers in the Cape Coral-Fort Myers area are projecting a net job increase of 23%, the highest in the nation, according to the latest employment outlook survey by the giant employment services firm, Manpower Group. One other Florida metropolitan area, Lakeland-Winter Haven, also landed in the top 15 cities for job growth, according to Manpower.

surveyTo gauge companies’ hiring plans, Manpower surveyed more than 18,000 employers in 100 metro areas. It used a research firm that questioned hiring managers and human resource professionals by phone and email. Over the first two weeks in October, the firm asked four questions about companies’ plans for the first quarter of 2013: do you plan to add to your staff, do you plan to reduce your staff, keep your staff at the same level, or are you unsure. Then Manpower crunched the numbers and came up with a “net employment outlook.” The survey is by definition a rough measure, since it doesn’t count the number of jobs employers plan to add or subtract, but simply asks whether they plan to hire or fire.

 Nationwide, 17% of employers said they expected to add to their workforces next quarter, while 8% forecast a decrease. Seventy-two percent expected no change while 3% were undecided. That results in a net employment outlook of 9%, but when seasonally adjusted, the number climbs to 12%, the best first-quarter showing in Manpower’s survey since 2008, and significantly stronger than the weakest in the history of the survey, 4% in the first quarter of 2010.

Cape Coral NewsIn Cape Coral, employment has gotten a boost from the recovering housing market and the fact that the city has a low density rate, at 45%, so there is plenty of room to grow. As home construction has revived, property values have climbed, going up 18%-20% since the trough, says Cape Coral Chamber of Commerce President Mike Quaintance. Housing growth has also fueled growth in restaurants and retail chains, including 7-11, Dollar Stores and Dollar Tree. Cape Coral is getting a new Wal-Mart and a Sam’s Club store. Jobs at those budget retailers don’t tend to pay well, concedes Quaintance. But the housing recovery is also funding better-paying construction-related jobs and home-based businesses like landscaping.

In neighboring Fort Myers, Chamber of Commerce Executive Director Colleen DePasquale says job growth may in part be seasonal, because the population always swells in the winter months, and two baseball teams, the Twins and the Red Sox, go to Fort Myers for spring training. At the same time, clothing chain Chico’s is based in Fort Myers and doing well, and the city just opened a new waterfront development, with plans for a hotel and other businesses.

business growthSecond on Manpower’s list after Cape Coral-Fort Myers: two Arizona metro areas in a tie, Phoenix Mesa-Scottsdale, and Tucson, with a net employment outlook of 20%. Frank Armendariz, a regional director in Mapower’s Phoenix office, says he’s seen an increase in hiring at call centers, in the solar power business and across the board in professional services. Next on the list: San Francisco-Oakland-Fremont with a net hiring outlook of 19%. That’s a turnaround for the Bay Area. A year ago, for the first quarter of 2012, it had a net hiring outlook of -2%. Next on the list: Salt Lake City, with a net hiring outlook of 18%. After that come two spots in Texas: Austin-Round Rock, and El Paso, both with a net hiring outlook of 25%.

At the other end of the spectrum, St. Louis has the worst employment outlook in the country at -5%. The next-worse is Portland, Me., at -2%, followed by Wichita, at -1%. Just a year ago, Wichita was one of the best cities for jobs, with a net hiring outlook of 12%. Spokane ranks fourth-worst, with a net hiring outlook of 0. That’s an improvement from the first quarter of 2012, when Spokane tied with two other cities as the worst place for jobs, with a net hiring outlook of -4%.Three cities are tied for fifth-worse, Jacksonville, Fla., New York City and Jacksonville, Fla. at 1% net employment outlook.

Melanie Holmes, a vice president at Manpower, explains that the net employment outlook tends to track the unemployment numbers put out by the Bureau of Labor Statistics, though the surveys count employment in different ways. While the BLS numbers look back in time, the Manpower numbers are based on employers’ plans for the future. Like the nationwide unemployment rate, which has inched steadily downward from 8.6% last November to 7.7% this November (there was a blip in April when the rate fell to 8.1%,then inched up to 8.3% in August before falling again), the Manpower employment outlook numbers have been steadily climbing. “The improvements have been very slow but steady,” says Holmes. “It’s neither fabulous nor horrible, but it’s slowly improving.”

Click here to view original article.

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp