TBBA News

Back to Blog There are thousands of legitimate, ethical contractors in business around the country. Unfortunately, there are also scam artists looking to cheat you out of your money who pose as legitimate contractors. These “fly-by-night” operators often show up in communities impacted by natural disasters to try to scam distressed home owners into paying…

Back to Blog The Florida Department of Business and Professional Regulation Emergency Order permits general contractors to perform roof repairs directly, without subcontracting to a licensed roofing contractor. This is part of a broader set of allowances to facilitate efficient recovery efforts. Read the DBPR Emergency Order.

Back to Blog Gen Z homebuyers – yes, they do exist – have some specific preferences about what they’re seeking. But before you delve into those, recognize that they definitely have an interest in owning homes despite some of the economic challenges in the market. A recent RE/MAX survey revealed that 65 percent of Gen…

Back to Blog The latest housing starts report reflects a significant dip across the nation, but one sector continues to thrive: townhome construction. The National Association of Home Builders analyzed the latest Census Bureau data and drew some favorable conclusions about townhome construction. During the second quarter of 2024, single-family attached starts totaled 42,000, which…

Back to Blog From one of the nation’s highest inflation rates to one of its lowest, the Tampa-St. Petersburg area has made a surprising reversal. Tampa Bay had a 1.8 percent inflation rate for the 12-month period ending in May 2024, according to the Consumer Price Index. That’s a stark change from the 11.2 percent…

Back to Blog Many homebuilders started this month with a pledge that goes against the preconceived notion some may hold about construction by committing to the U.S. Department of Commerce’s Million Women In Construction Pledge.  The Pledge encourages companies to build on their workforce development and recruiting efforts to broaden opportunities for women in the…

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…

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…

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…

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…