Housing starts jump to near 6 year High

US home builders broke ground on new homes at the fastest pace in more than five years showing that the economy and consumer confidence in gaining strength despite higher mortgage rates.

The commerce department said that developers had begun construction on new houses and apartments in November at a adjusted annual rate of 1.09 million. This reflects a 23 percent gain from the previous years 889,000 and the fastest pace since the recession began.

Construction has bounced back in South Florida as there are projects of both small and large in all three counties. With a combination of both local and out of state buyers the greater Miami-Fort Lauderdale real estate market  is really poised to see gains in both the condo and single family home market. Buyers from South America and Europe have been giving an extra boost unlike most other US cities.

By | 2017-06-01T20:27:50+00:00 January 3rd, 2014|Downtown Fort Lauderdale Condos, Downtown Miami Condo for Sale, Market Trend, real estate|Comments Off on Housing starts jump to near 6 year High

About the Author:

Keith has extensive advertising and internet marketing expertise and is a Project Manager at Times Ten Creative, a premiere Fort Lauderdale marketing and advertising agency. This experience makes Keith an excellent choice if you are looking for an agent who knows how to market your property and bring potential buyers through the internet. Clearly, once Keith list your property, he goes well beyond the typical realtor and knows how to market it to sell. As an original Midwesterner, Keith specializes in helping clients who want to relocate from colder climates or simply want to purchase a tropical winter retreat. He is happy to take the time and effort to walk buyers through this process with comfort and ease. In Keith’s free time he enjoys cycling, running, kayaking, traveling, architecture and Florida’s beaches. Keith currently lives in Oakland Park and is excited of the many new things happening in his city.