Zelman & Associates forecasts strong single-family growth for the next 30 months or more. Even in a scenario that includes a broader economic downturn within that time period, housing activity would continue to show resilience, with little risk of a severe impact.
As developers today, we’re adopting more aspects of placemaking—a collaborative effort to strengthen the connection between people and the places they share, to help transform spaces into places that serve as an extension of the neighborhood.
If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.
After two months of decline, consumer sentiment among Floridians increased six-tenths of a point in April to 98.1 from a revised figure of 97.5 in March. Among the five components that make up the index, three increased and two decreased.
The Pinellas real estate market is continuing to see a trend of higher sale prices and a shrinking inventory for both the Single Family and Townhome/Condo segments. The Median Sale Price for Townhomes/Condos was up 14.4% in March 2017. The Median Sale Price for Single Family Homes was up by 8.7% from last year.
If consumer spending is the grease that moves an economy, the U.S. should keep growing for at least the next six months – the number of survey respondents who expect a loss of income over that timeframe hit an 18-year low.
Some urban planners call it “missing middle” housing. That’s low-rise housing built at a scale compatible with single-family houses, but at higher densities, making them candidates for meeting a growing demand for walkable urban housing. Four-plexes are an example.
Once again, buyers of Tampa Bay’s priciest home wanted to be on the water — a third of the top 25 sales were of homes with addresses on Gulf Boulevard in Pinellas County. Rivaling Tampa’s Davis Island for the most sales (four) was the exclusive Pinellas community of Belleair Shore.