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Future AD&C Loans Hinge On Expected Fed Rate Cut

June 10, 2024

Back to Blog 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 year. According to the National Association of Home Builders, the volume of 1-4…

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Florida Housing Summit Recap

May 9, 2024

Back to Blog 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 affordable housing and relevant economic implications. Former state…

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Go big or go home? Nope.

April 17, 2024

Back to Blog 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 more affordable, especially for first-time home buyers. “Homeownership remains a…

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Buyers’ Market Shift May be Coming

April 17, 2024

Back to Blog 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 existing home sales rose 9.5% in February, the second straight…

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Florida’s Multigenerational Living: A Growing Trend in Family Housing 

March 11, 2024
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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…

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Mix of Positives and Negatives

March 10, 2024
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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…

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Construction Industry Still Coping with Mortgage Rates and Supply Issues

January 19, 2024
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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 demand for homes. This uptick had a noticeable impact on…

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The Shifting Landscape of Home Renovations: Aged-in-Place Remodeling Insights

January 19, 2024
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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 Index from the first quarter of this year indicated…

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Signs Continue to Point to a Positive 2024 Real Estate Market for Tampa Bay

January 19, 2024
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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 sellers. The study produced the list by comparing the average expected home values based…

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