Wednesday, April 19, 2006
What US Housing Market Means for Florida Real Estate
Figures were just released this week from US Dept of Commerce.
Here’s what we find:
1) New US Housing Starts sit @ 1,960,000. That is down 7.8% from Feb. but up 6.9% from March 2005
2) US Housing Permits sit @ 2,059,000 That is down 5.5% from Feb. but up 1.9% from March 2005
This is great news!!
For one, we still are seeing strong surges in record home starts and sales for the past six years. Despite what the doomsday media is putting out on possible bubbles, the US Housing market continues to rise steadily.
Here is also something of interest - sales in the West have fallen 15% over the first three months of this year versus the same time last year.
So if you’re in California does it mean that it’s time to be alarmed?
We think not.
First off, weather plays a HUGE factor in buying decisions. The fact is, it rained for 31 days straight in many parts of the North West during the first thirty-one days of 2006. And for the past three months the rain has kept coming down from Southern California, all the way up to Seattle. It’s been miserable.
Cape Coral Florida real estate continues to surge ahead strong. In fact, many development projects (residential and mixed use) are breaking ground, and the population continues to rise.
If you haven’t yet, then now is the time to buy some of that good ‘ol Florida real estate down in Cape Coral!
Here’s what we find:
1) New US Housing Starts sit @ 1,960,000. That is down 7.8% from Feb. but up 6.9% from March 2005
2) US Housing Permits sit @ 2,059,000 That is down 5.5% from Feb. but up 1.9% from March 2005
This is great news!!
For one, we still are seeing strong surges in record home starts and sales for the past six years. Despite what the doomsday media is putting out on possible bubbles, the US Housing market continues to rise steadily.
Here is also something of interest - sales in the West have fallen 15% over the first three months of this year versus the same time last year.
So if you’re in California does it mean that it’s time to be alarmed?
We think not.
First off, weather plays a HUGE factor in buying decisions. The fact is, it rained for 31 days straight in many parts of the North West during the first thirty-one days of 2006. And for the past three months the rain has kept coming down from Southern California, all the way up to Seattle. It’s been miserable.
Cape Coral Florida real estate continues to surge ahead strong. In fact, many development projects (residential and mixed use) are breaking ground, and the population continues to rise.
If you haven’t yet, then now is the time to buy some of that good ‘ol Florida real estate down in Cape Coral!
