Back to Blog Builders seeking bigger housing sales have ignited a trend by going smaller. A new National Association of Home Builders (NAHB) report reveals that new homes built in 2023 reached their smallest median size in 13 years. Why? Builders want to make homes more affordable, especially for first-time home buyers. “Homeownership remains a…
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Back to Blog Home sales have risen across the nation and in Florida and Tampa Bay, giving hope to those in the business that the market may shift from a sellers’ market to a buyers’ market. The National Association of REALTORS reported in March that existing home sales rose 9.5% in February, the second straight…
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Florida continues to be one of the states bucking the trend when it comes to young adults moving out of their parental homes, according to a National Association of Home Builders study of 2022 American Community Survey (ACS) Public Use Microdata Sample (PUMS). NAHB’s assessment concluded that the share of young adults ages 25-34…
Read More The Tampa Bay Partnership’s recently-released Regional Competitiveness Report produced a mix of positives and negatives about the region, and the results related to housing and housing affordability fall into that category. The report, which compares how Tampa Bay’s eight counties – Citrus, Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk, and Sarasota – stack up against…
Read More Higher mortgage rates and ongoing supply challenges are just a few of the issues that the construction industry has been facing over the last few months. August, 2023 saw the housing market hit a speed bump as mortgage rates climbed past 7% and helped cool demand for homes. This uptick had a noticeable impact on…
Read More A recent National Association of Home Builders survey indicates that remodeling projects that allow homeowners to age in place has dropped 14 percent since 2018. Yet other indicators point to homeowners choosing renovations and upgrades as opposed to moving to new homes. The NAHB Remodeling Market Index from the first quarter of this year indicated…
Read More A recent Florida Atlantic University study listed Tampa, Lakeland and North Port among the nation’s 10 most overpriced housing markets. Given that, look for buyers to pay more than houses are worth in 2024, continuing to keep the market hot for sellers. The study produced the list by comparing the average expected home values based…
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