New Home Industry is Looking Up!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Real Estate, Fort Myers Real Estate, Homes for Sale SWFL, Job Growth, Jobs SWFL, Lee County Homes, New Home Construction, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, Realtor, Selling your Home, SWFL Home Sales, SWFL Home Selling Advice, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

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!

SWFL Real Estate

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

Review us on Yelp

Trackback from your site.

Leave a comment