The Real Deal Miami

Posts Tagged ‘metrostudy’

  • PB County home construction surges

    MetroStudy report shows substantial gain in new home starts
    February 10, 2014 11:15AM

    up arrowPalm Beach County enjoyed a surge in new home construction in 2013 as the broader economy rebounded.

    The latest report from Royal Palm Beach-based MetroStudy shows construction started on 2,053 Palm Beach County homes last year, an increase of 13 percent from 2012, the Palm Beach Post reported. A tightening of the county’s resale inventory helped encourage builders to construct more new product. [more]

  • GL Homes tops Palm Beach County builders

    Lennar sets pace in Broward, Metrostudy report shows
    February 05, 2014 12:45PM

    ConstructionGL Homes had the busiest year of all builders in Palm Beach County in 2013, while Lennar led the way in Broward County.

    With 605 single-family housing starts, GL Homes outpaced the second-busiest Palm Beach County builder by nearly 400 starts, the Sun-Sentinel reported. DiVosta Homes followed with 214 housing starts, while Minto Communities was not far behind at 214. Research firm Metrostudy released its report on housing starts in Broward and Palm Beach counties earlier this week. [more]

  • Housing StartsThe housing market in Broward and Palm Beach counties is bucking national trends with increased new construction activity.

    Metrostudy’s latest quarterly report shows that builders began construction on 530 houses in Palm Beach County during the third quarter, the Sun-Sentinel reported. That represents a 4 percent year-over-year increase in housing starts. [more]

  • A home in Valencia Cove

    A Boynton Beach residential developer sold 73 homes pre-construction in two hours as buyers compete over a shrinking inventory, the Palm Beach Post reported.

    GL Homes sold $35 million in homes, ranging from $300,000 to $600,000, on its new Valencia Cove development lottery-style. [more]

  • Brad Hunter

    As South Florida’s housing inventory shrinks, so does its vacant land, fueling a bidding war among builders and a rapid rise in construction costs and home prices, surveyor Metrostudy’s chief economist, Brad Hunter, said in an interview in the Sun-Sentinel.

    “A complete transformation has occurred. Two years ago, buyers were holding back because prices were still falling, and now there is urgency to buy,” Hunter reportedly said. [more]

  • Housing starts in Broward County rose 67 percent in the first quarter, compared to the same period in 2011, the South Florida Sun Sentinel reported. There were a total of 257 housing starts in the first three months of this year, according to data from research firm Metrostudy. In Palm Beach, housing starts jumped by 22 percent in the same period. The firm said South Florida’s home starts reached the bottom three years ago. Despite the significant increases, new home activity is well below the peak years in the mid 2000s, however. [Sun Sentinel]

  • New home construction ramps up in PBC

    April 09, 2012 12:45PM

    A Toll Brothers home in Jupiter

    Construction of new homes in Palm Beach County could rise up to 20 percent this year, the Sun Sentinel reported. That number, which comes from research firm Metrostudy, would mark an increase over the 949 homes started in 2011. “People are more optimistic and ready to buy,” said Brad Hunter, the South Florida director at Metrostudy. [more]

  • SF home starts pick up

    November 10, 2011 02:09PM

    Housing starts in the tri-county area have risen in each of the last three quarters, with home construction across the region beginning to show signs of life, according to a report from Metrostudy. “This is a bullish indicator on housing demand, since it shows that builders have the confidence once again to sell from plans and to build spec homes,” said Brad Hunter, South Florida director for Metrostudy. There were a total of 940 home starts in the third quarter in South Florida. [Sun Sentinel] [more]

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  • Metrostudy: SF housing market improves

    August 05, 2011 01:19AM

    South Florida’s housing market showed improved starts, finished vacant inventories and slower move-ins in the second quarter of 2011, according to a report from Metrostudy. The company’s data, which looks at six counties in Florida, showed single-family starts in South Florida rising to 772 in the second quarter compared to the same period in 2010, and an improvement from 736 in the first quarter. Palm Beach County saw the most housing starts in the tri-county area, with 297 in the second quarter. [SFBJ]
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  • USB Securities’ Maury Harris and HIS Global Insight’s Patrick Newport predict that between 750,000 and 1 million new households will be created in 2011, up from just 357,000 in the year ended March 2010. Last year was the lowest on record, according to Bloomberg News.

    Young adults are starting to leave parental homes at the fastest rate since 2007, spurring consumption, boosting U.S. housing starts and off-setting an inventory of vacant properties. This is perhaps due to a backlog of young people who’ve been waiting for the economy to pick up before moving out. The Census Bureau reports that U.S. household formation in the three years ending March 2010 was 2.3 million short of the long term average. [more]