Lot shortage constrains South Florida homebuilding

Miami /
Dec.December 12, 2015 03:00 PM

A lack of land is constraining single-family home construction in South Florida, particularly Broward County.

When the housing boom peaked in 2004 and 2005, South Florida contractors started building about 2,000 homes per quarter in the tri-county area. At the bottom of the recession in 2009, home starts totaled just 943 in Palm Beach County and 397 in Broward County.

But in the last four quarters combined, home construction starts totaled 1,280 in Broward County, 2,429 in Miami-Dade County and 2,153 in Palm Beach County, according to MetroStudy.

The MetroStudy figures include construction of single-family homes and townhomes and exclude condos.

The shortage of lots for home building is especially acute in Broward County because the western suburbanization of the county is limited by the Everglades.

Lennar Corporation, Standard Pacific Homes, Toll Brothers and WCI are constructing hundreds of single-family homes and townhomes in the north Broward community of Parkland, and K. Hovnanian Homs has started sales at Four Seasons at Parkland.

But after Parkland is built out, residential builders in Broward will have little vacant land and will need to redevelop older golf courses and commercial buildings to put up new homes.

Builders in Broward focused on Parkland after putting up 1,600 homes and apartments at the sprawling Monterra development in Cooper City.

Truly  Burton, executive vice president of the Builders Association of South Florida, told the Sun-Sentinel, “You can’t suburban housing in [Broward] anymore. The suburbs are finished.” [Sun-Sentinel]  Mike Seemuth


Related Articles

arrow_forward_ios
Palm Beach (iStock)

South Florida resi contracts continue growing in November, with Palm Beach in the lead

South Florida resi contracts continue growing in November, with Palm Beach in the lead
(iStock)

South Florida October construction starts drop, year-over-year

South Florida October construction starts drop, year-over-year
Lennar's Stuart Miller and 28600 Southwest 132nd Avenue (Google Maps)

Lennar spends $29M on Homestead mobile home park, plans new community

Lennar spends $29M on Homestead mobile home park, plans new community
Boca Raton Municipal Golf Course with GL Homes' Misha Ezratti, head of GL Homes and Boca Raton Mayor Scott Singer (Google Maps, Lila Photo via GL Homes, Twitter)

Slow play: GL Homes’ purchase of Boca Raton golf course pushed to 2021

Slow play: GL Homes’ purchase of Boca Raton golf course pushed to 2021
Brent Baker and a  rendering of 5024 South State Road 7 (DiVosta, iStock)

Pulte buys 31 acres in Lake Worth, plans housing community

Pulte buys 31 acres in Lake Worth, plans housing community
Jim Carr and Armando Codina, with a rendering of a home

CC Homes launches sales of luxury homes in Southwest Ranches

CC Homes launches sales of luxury homes in Southwest Ranches
Prospective buyers continued to sign contracts for both condos and houses throughout South Florida in October

Signed resi contracts rise again in South Florida in October

Signed resi contracts rise again in South Florida in October
Rob Thomson (Rob Thomson, Palm Beach County Sheriff's Office, iStock)

Jupiter agent Rob Thomson gets probation for domestic battery against ex-fiancée

Jupiter agent Rob Thomson gets probation for domestic battery against ex-fiancée
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...