November 19, 2013
Home starts increased in Broward and Palm Beach counties in the third quarter of this year. New figures show that builders commenced construction on more single-family homes, townhomes and duplexes from July to September this year, compared to the same period a year earlier.
In Palm Beach County, construction on 530 homes began in the third quarter, up 4 percent from the third quarter of 2012. In Broward County, construction commenced on 308 homes, a 25 percent increase. The new construction in South Florida comes despite a shortage of available lots, especially in Broward County.
Nationally, builders are stating that demand for new homes has lessened. However, the pace of construction has remained steady in South Florida.
For more information on Broward and Palm Beach real estate, contact Niki Higgins at +1-888-242-4422.
Source: Sun Sentinel
