Friday, May 8, 2020

Just one question . . .


Herald Tribune 5.8.2020:

New home activity expected to stall in Southwest Florida

Home builders could be challenged by growing levels of vacant developed lots — ready for homes to be built — during the economic recovery.

In Manatee County, for example, if starts drop 50% from current levels, and the supply of vacant developed lots remains where it is today, that would raise the months supply of those lots from 21 months to about 43 months, well above equilibrium and the highest in eight years.

“Similar results would occur in Sarasota and Charlotte counties,” Cobb said.

“Thus, the need for brand new communities would be muted as builders work more slowly through the existing VDL inventory.”

The top 10 in new home starts and closings in first-quarter 2020:
Community, annual starts, annual closings:
 
  • Lakewood Ranch; 1,383; 1,248;
  • The West Villages; 809; 761;
  • Palmer Ranch; 378; 318;
  • Babcock Ranch; 358; 274;
  • Punta Gorda Isles; 337; 388;
  • Artisan Lakes; 295; 240;
  • Rotonda; 217; 182;
  • Port Charlotte; 192; 184;
  • South Gulf Cove; 176; 175;
  • Trevesta; 162; 140; 
Source: Metrostudy.
Complete story here

The question: Whose need?






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