Home-builder confidences jumps to record high in August

By Greg Robb and Jacob Passy, August 17, 2020, Market Watch The numbers: The construction industry’s outlook improved again in August after recent record lows, according to research from a trade group released Monday. The National Association of Home Builders’s monthly confidence index rose 6 points to a reading of 78 in August, the trade …


Despite pandemic, parts of Southwest Florida’s real estate market are thriving

By Laura Layden, August 12, 2020, Naples Daily News Many sectors of Southwest Florida’s real estate market are still cooking, despite the coronavirus pandemic. That’s one of the biggest trends Randy Thibaut, founder, owner and CEO of LSI Cos. in Fort Myers, finds the most “remarkable” across the industry. In a tag-team effort, he and …


Home-builder confidence rises in July as Americans look to move to the suburbs

Jacob Passy, July 16, 2020, MarketWatch The construction industry’s outlook has continued to improve from its recent lows as buyers have rushed back into the housing market. The numbers: The number of COVID-19 cases may still be rising significantly across many parts of the country, but home-builders’ outlook on the housing market continues to improve. The …


Pandemic fails to slow Southwest Florida’s master-planned communities

By John Hielscher, July 20, 2020, Herald Tribune Lakewood Ranch, Wellen Park among top sellers nationwide. Despite the challenges of the coronavirus-induced economic downturn, two master-planned communities in Southwest Florida again ranked among the fastest sellers in the nation. Lakewood Ranch finished second and Wellen Park landed in third place in the midyear 2020 home …


New Construction- Why the Time to Build is Now

The current home construction rate is 1.3 million which means, it’s way behind the estimated 2.3 million of single-family homes over the last 10 years. Though the exact new home sales have increased to 2.4% last year, the numbers are still not enough compared to the houses built a decade ago. It can be recalled …


What are homebuyers looking for in new construction homes?

When searching for a new home, buyers have a lot of ideas about what they are looking for. From the layout to the design elements and even materials and finishes. In order to get an idea of what homebuyers are looking for, the NAR asked future homebuyers for what they were looking for in builders. …


Housing stock age shows desperate need for new construction

Aging housing stock tells the tale of a construction industry that continues to fall behind in the number of new homes built each year. The median age of owner-occupied homes is currently 37 years. This is according to data from the 2016 American Community Survey from the National Association of Home Builders. This is the …


U.S. Home Sales Will Grow as Housing Supply Inventory Improves

According to Freddie Mac’s July 2018 Housing Forecast, exceptionally low housing supply and weaker affordability slowed the housing market in the first half of 2018, but total sales activity should still slightly top year-ago levels. In most of the country, the healthy U.S. economy and robust labor market fueled considerable interest in buying a home during …


Babcock Ranch Brings Sustainable Homes and Lifestyles to SWFL

If you are interested in sustainable homes, tucked into a corner of Southwest Florida about a half-hour from Fort Myers, Babcock Ranch is what developer Syd Kitson calls the most sustainable new community in America. It started when Kitson, a former NFL player, purchased the 91,000 acre ranch in 2006. He immediately struck a deal …


New Home Construction the Solution to Inventory Crisis

Unemployment rates are at their lowest level since 2000, while the economy is by all accounts running strong. But although these conditions might normally seem ideal for the real estate market, sales remain stagnant, with existing-home sales actually down by 1 percent year over year. One of the main problems is low inventory, which means …