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Florida Trend Real Estate
Florida construction projects slowed by worker shortage. Problem could get worse.
Florida construction projects slowed by worker shortage. Problem could get worse.
The construction industry is running out of workers to build all those new condo towers, housing developments and highway projects. The shortages span the trades, with pipelayers, sheet metal workers, carpenters, concrete workers, pipefitters and welders in particularly high demand. Companies big and small are feeling the pinch. In the latest survey by the Associated General Contractors of America (ACG), the results for Florida shows that 79 percent of contractors are having difficulty finding workers for new projects-- even after increasing pay and/or benefits. See the Florida survey and the national news release from ACG. Also read more at the Tampa Bay Times, WEAR TV, and the South Florida Sun-Sentinel.
Your turn:
» Have you been affected by shortage of construction workers? (quick poll)
International Council of Shopping Centers Florida: They’re coming and they’re building
What’s going on in Florida is the reverse of the famous quote from the movie Field of Dreams. People are streaming into the Sunshine State in droves. The economy’s booming. Jobs are plentiful. The weather’s great, as usual. So new residents are coming, developers are building, and retailers are using the state as a platform for expansion. [Source: Chain Store Age]
Where are the lowest property taxes in Florida?
Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question: I’m considering relocating to Florida because of the attractive tax situation. Which counties have the lowest property taxes? [Source: Mansion Global]
'Climate gentrification' is changing Miami real estate values – for better and worse
Universities, climate research groups and the National Oceanic and Atmospheric Administration have made dire predictions about sea-level rise in Miami — the ocean overtaking vast swaths of real estate over the coming decades. More in the story from PRI. Also read more at CNBC.
The broker who extorted “The Jills” exposed an industry secret: MLS manipulation is widespread
When One Sotheby’s agent Kevin Tomlinson was charged with extorting Coldwell Banker star brokers “the Jills” over manipulating the Multiple Listing Service, it exposed what many agents claim is a common practice in the industry. This one, however, was particularly egregious, market pros said. [Source: The Real Deal]
See also:
» He extorted ‘The Jills,’ his rival South Beach real-estate brokers. A judge cut him a break
1,750
Number of sales professionals at Berkshire Hathaway HomeServices Florida Realty. [Source: Business Observer]
› Seagate continues to expand its presence in Southwest Florida
Since its official formation in January 2015, Seagate Development Group LLC has established itself as one of Southwest Florida’s leading developers and builders of commercial and residential properties.
› ‘I smelled a rat’ bidder says of a Tampa Bay foreclosure auction. Others did too
While checking on August foreclosure auctions, Peter Filippello found a townhouse in Largo he liked. He did "a little digging" and discovered that the company foreclosing and the company being foreclosed were headed by the same person — Clearwater lawyer Roy C. Skelton.
› Sarasota’s luxury market thriving
All’s well in Sarasota’s luxury market. Quite well, in fact. The web-based market research and data analytics firm YouGov revealed the global high-net-worth population is growing at a 127 percent clip in the $50 million-plus earners since 2010.
› Kolter plans to build 466 houses in Florida’s Panhandle region
The residential development arm of West Palm Beach-based Kolter plans to build 466 houses in Florida’s Panhandle region. Kolter would build the homes near Panama City at Watersound, a property owned by St. Joe Company.
Previous Real Estate Updates:
- Florida home values have more than doubled in the past decade
- Florida insurance market full of ‘low quality' companies, study finds
- Real estate pros say Florida's future looks bright
- What are squatters' rights? New Florida law targets occupancy fight
- Is trouble brewing in Florida's housing market? Here's what the data says
- Florida is growing. Can affordable housing keep up?
- Florida condo sales plummet despite falling prices and rise in 'motivated' sellers
- Want to get rich quick selling Florida real estate? Think again.
- New law would give new homebuyers better idea what their property taxes will be
