April 24, 2014
The Year Ahead: Five Key Sectors - Barry Rutenberg

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Real Estate

The Year Ahead: Five Key Sectors - Barry Rutenberg

Owner / Barry Rutenberg and Associates Chairman / National Association of Home Builders, Gainesville

Mike Vogel | 1/15/2013

“In the state of Florida, we have lots of different markets and submarkets, but generally home building is doing better and, in many markets, significantly better. Some of our markets have more inventory than others, so it’s a function of where you are. The pressure is still on from regulators and the banks. Small and medium-size builders are having difficulty obtaining money.”

Housing Starts

Single-family housing starts for the four quarters ending with the third quarter of 2012:

Market Starts Change
Broward 1,094 +48.9%
Duval 974 +18.5%
Hillsborough 3,159 +20.0%
Miami-Dade 1,377 +59.9%
Orange 3,149 +69.9%

Source: MetroStudy, numbers reflect only activity in subdivisions, not on scattered lots

Tags: Real Estate, CEO Sounding Board

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