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Housing Starts Down

The latest info from the permitting department in Marion County, Florida for housing starts reports that there have only been 150 permits pulled in 2009 as opposed to 500 per week two years ago. The appraised value of spec homes is less that the cost of construction by the time of completion - so I wouldn't expect to see many spec homes this year. Also, with the foreclosure/short sale market so flooded it is hard for builders to compete.

Posted by Denise March on 07/27/2009 02:28 PM

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Housing Crisis in the ActiveRain Channel

housing starts, construction, spec homes, foreclosures

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Denise March

Ocala, FL

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Safe Harbor Insurance & Real Estate, LLC

Address: 10308 SE US Hwy 441 (Abshier Blvd), Belleview, FL, 34420

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