The National Association of Home Builders, a trade group, reported that new home construction for people over age 55 will fall by nearly half in 2009. That could be a plus for South Florida, a leading market for so-called active-adult communities, which would retain a prominent position nationally. The NAHB said about 126,000 homes will be built this year for buyers 55 and older, down from about 249,000 last year.
|Brock Development scores loan, breaks ground on Palm Beach Gardens hotel|
|The Weekly Dish: Bocce Bar’s space to become Skorpios restaurant & more|
|South Florida construction starts spike in January: report|
|Can a startup Miami brokerage make the flat-fee model work?|
|General Growth Properties raises its ownership stake in Miami Design District|