A news article from the Orlando Sentinel:
- Builders continue to cut back on housing starts during the ongoing market slump
- The number of unsold new homes remains too high given the current demand
- Three of the four busiest production-home subdivisions or communities during the past year are in Orange County
- Avalon Park in east Orange, with 250 starts during the 12 months that ended March 31;
- Berkshire Park near Windermere, with 184 starts;
- Baldwin Park in northeast Orlando, with 130
A national housing tracking and consulting company reported Tuesday that single-family housing starts and closings in Central Florida were down significantly in the first quarter of 2008.
Orlando Business Journal: Metrostudy reported single-family home starts in Lake, Orange and Seminole counties declined 54.1 percent during the first quarter of 2008, from 3,346 starts in the first quarter of 2007 to 1,537 starts in the first quarter of 2008.
Metrostudy is the leading provider of primary and secondary market information to the housing industry and related industries nationwide.
1 Comment
May 19, 2008 at 4:36 pm
We are very lucky in Central Florida that the housing crisis isn’t worse than it already is. I hope that our leaders take this opportunity to institute a community land trust so that people who truly can’t afford to buy a home have a practical alternative in the form of decent rental housing. Only with a community land trust will we stanch the conversion of rental property into condominia.