Quarterly new home starts are up 17.5% YoY while annual starts are up 12.2% from 1Q18 levels Quarterly closings are up 9.0% from 1Q18 while annual closings are up 15.4% YoY This market remains relatively affordable although starts over $250k are up 18% YoY – and we see a 41% ...
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SARASOTA / BRADENTON HOUSING 3Q18: Market Continues Strong on a Wave of Baby Boom Retirees – Affordability Pressures Are Rising
Quarterly New Home Starts are up 15.7% YoY – the second best quarter for starts since 3Q06. Annual Starts are up 9.2% The big concern in this market is the inability to produce product priced under $250k as less than 20% of all new home construction is now considered “affordable” ...
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