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Future AD&C Loans Hinge On Expected Fed Rate Cut
Future AD&C Loans Hinge On Expected Fed Rate Cut Back to Blog June 10, 2024 mwoolley_specialevents@tbba.net Home builders’ ability to borrow money for acquisition, development and construction grew more difficult in the first quarter of 2024, but experts continue to believe AD&C loan conditions will improve when the federal government decreases interest rates later this…
Read MoreFlorida Housing Summit Recap
Florida Housing Summit Recap Back to Blog May 9, 2024 mwoolley_specialevents@tbba.net Drawing an array of elected officials and state policy makers as well as public and private sector stakeholders, Tampa Bay Builder’s Association presented Florida Policy Project’s Housing Summitt and delivered a robust and informative discussion about many of the issues affecting housing development, including…
Read MoreGo big or go home? Nope.
Go big or go home? Nope. Back to Blog April 17, 2024 mwoolley_specialevents@tbba.net Builders seeking bigger housing sales have ignited a trend by going smaller. A new National Association of Home Builders (NAHB) report reveals that new homes built in 2023 reached their smallest median size in 13 years. Why? Builders want to make homes…
Read MoreBuyers’ Market Shift May be Coming
Buyers’ Market Shift May be Coming Back to Blog April 17, 2024 mwoolley_specialevents@tbba.net Home sales have risen across the nation and in Florida and Tampa Bay, giving hope to those in the business that the market may shift from a sellers’ market to a buyers’ market. The National Association of REALTORS reported in March that…
Read MoreFlorida’s Multigenerational Living: A Growing Trend in Family Housing
Florida continues to be one of the states bucking the trend when it comes to young adults moving out of their parental homes, according to a National Association of Home Builders study of 2022 American Community Survey (ACS) Public Use Microdata Sample (PUMS). NAHB’s assessment concluded that the share of young adults ages 25-34…
Read MoreMix of Positives and Negatives
The Tampa Bay Partnership’s recently-released Regional Competitiveness Report produced a mix of positives and negatives about the region, and the results related to housing and housing affordability fall into that category. The report, which compares how Tampa Bay’s eight counties – Citrus, Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk, and Sarasota – stack up against…
Read MoreConstruction Industry Still Coping with Mortgage Rates and Supply Issues
Construction Industry Still Coping with Mortgage Rates and Supply Issues Higher mortgage rates and ongoing supply challenges are just a few of the issues that the construction industry has been facing over the last few months. August, 2023 saw the housing market hit a speed bump as mortgage rates climbed past 7% and helped cool…
Read MoreThe Shifting Landscape of Home Renovations: Aged-in-Place Remodeling Insights
The Shifting Landscape of Home Renovations: Aged-in-Place Remodeling Insights A recent National Association of Home Builders survey indicates that remodeling projects that allow homeowners to age in place has dropped 14 percent since 2018. Yet other indicators point to homeowners choosing renovations and upgrades as opposed to moving to new homes. The NAHB Remodeling Market…
Read MoreSigns Continue to Point to a Positive 2024 Real Estate Market for Tampa Bay
Signs Continue to Point to a Positive 2024 Real Estate Market for Tampa Bay A recent Florida Atlantic University study listed Tampa, Lakeland and North Port among the nation’s 10 most overpriced housing markets. Given that, look for buyers to pay more than houses are worth in 2024, continuing to keep the market hot for…
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