Fourth-quarter home starts in SW Florida surge 42%

Metrostudy calls home construction pace in Southwest Florida among the nation's strongest

TRD MIAMI /
Mar.March 05, 2016 01:00 PM

Builders last year started construction of 42 percent more Southwest Florida homes in the fourth quarter than they did in the same period in 2014, according to Washington, D.C.-based Metrostudy, a real estate research firm.

Metrostudy reported that fourth-quarter new-home starts in Southwest Florida rose to 1,282 last year from 893 in 2014.

The firm’s report on Collier and Lee counties covers construction of houses, town homes and duplexes and excludes condo construction.

Brad Hunter, chief economist of Metrostudy, told the Naples Daily News that the growth rate in Southwest Florida home construction is “among the strongest in the country.”

Metrostudy also reported that the annual pace of new home starts in Collier and Lee counties rose to 4,800 in the fourth quarter of last year from 4,083 in the prior comparable period.

But potential obstacles to ongoing growth loom. Scarce land and labor put upward pressure on home prices, Hunter told the Daily News, “and even though many builders are trying to appeal to entry-level buyers, affordability is a challenge.”  [Naples Daily News] — Mike Seemuth


Related Articles

arrow_forward_ios
Stephen Gravett, CEO of Kennedy Homes and a rendering of Trevi Isle home community

Kennedy Homes sells Palm Beach Gardens community amid allegations of mismanagement

Kennedy Homes sells Palm Beach Gardens community amid allegations of mismanagement
Rendering of 850 Le Jeune and Century Homebuilders’ Sergio Pino

Sergio Pino re-opens construction site after workers test positive for Covid-19

Sergio Pino re-opens construction site after workers test positive for Covid-19
Jim Carr and Armando Codina with a rendering of the Miramar community

Codina-Carr, BBX score loan for single-family home development in Miramar

Codina-Carr, BBX score loan for single-family home development in Miramar
Sergio Pino and rendering of 850 LeJeune

Sergio Pino shuts down construction site after workers test positive for Covid-19

Sergio Pino shuts down construction site after workers test positive for Covid-19
(Credit: iStock)

South Florida residential construction starts jump 72% in January

South Florida residential construction starts jump 72% in January
D.R. Horton CEO David Auld with a photo of a D.R. Horton multifamily home and rendering of the Arden planned community 

D.R. Horton to build homes in western Palm Beach County

D.R. Horton to build homes in western Palm Beach County
Brent Baker and a Pulte single-family home

PulteGroup nabs 20 acres in Lauderdale Lakes for new home community

PulteGroup nabs 20 acres in Lauderdale Lakes for new home community
Centerline Capital Advisors President Craig Perry and 17101 Southwest 200th Street (Credit: Google Maps)

Centerline snags 90-acre dev site in south Miami-Dade

Centerline snags 90-acre dev site in south Miami-Dade
arrow_forward_ios

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

Loading...