Category: Industry News

NAHB: Young adults ages 25-34 continued the post-pandemic trend of moving out: The share of those living with parents or parents-in-law fell to 19.1% in 2022.

Lennar Corp. and Invitation Homes’ CEOs said technology, single-family rentals and good partnerships can help address the housing shortage in Florida and across the U.S.

Private residential construction spending rose 0.2% in Jan. from Dec.; it’s up 12.5% year-to-year. Analysts cite the lack of existing home inventory as a factor.

The switch to online records may be part of the problem. All of Florida’s 67 counties have some sort of property fraud alert program, but more people need to sign up.

CoreLogic Case-Shiller’s Home Price Index rose at a seasonally adjusted annual growth rate of 2.4%, slower than Nov.’s 3% increase. Miami’s price index rose 8%.

NAHB: Buyers say they want smaller homes now and are looking for homes around 2,070 sq. ft., compared to 2,260 sq. ft. 20 years ago.

Florida regulators have approved proposals by three insurers to take up to 54,386 policies from the state’s Citizens Property Insurance Corp. in May.

HGTV’s Ben and Erin Napier announced the town of Sebring will get a makeover and be the site for the third season of their spinoff show, “Home Town Takeover.”

Want to see some of the 2024 ads that demonstrate the value of a Realtor and how they help clients? Several TV ads will air nationally this week.

HUD and Census Bureau: In Jan., new single-family home sales rose 1.5% month-to-month to a seasonally adjusted rate of 661,000. The pace is up 1.8% from Jan. 2023.