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Southeast City Scoop: Tampa Construction Starts

ENR Construction

Before COVID-19 crisis, Tampa- area contracts were already forecast to decline in 2020.

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John Burns Forecasts Apartment Rent Trends Across the U.S.

Pro Builder

John Burns Forecasts Apartment Rent Trends Across the U.S. John Burns broke down its apartment forecasts into four categories: Boomburbs, Braintowns, Downtowns, and Dependables. John Burns broke down its apartment forecasts into four categories: Boomburbs, Braintowns, Downtowns, and Dependables. cbroderick.

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How Multifamily Builders Can Benefit From Single-Family Boom

Pro Builder

In its latest Apartment Analysis and Forecast, JBREC says the future looks bright for suburban apartments and gloomy for urban. Here are some examples from across the country: Wesley Chapel (Tampa MSA). What can help boost the rental market are buyers who choose to rent prior to moving into their newly built homes.

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These Metros Will Be the First to See Prices Fall in a Market Correction

Pro Builder

Goldman Sachs recently lowered its 2023 year-over-year depreciation forecast from -4.1% In 2023, Goldman Sachs expects double-digit home price declines in major markets like Austin (-15.6), San Francisco (-13.7%), San Diego (-13.4%), Phoenix (-12.9%), Denver (-11.4%), Seattle (-11.2%), Tampa (-11.2%), and Las Vegas (-11.1%).

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New Home Sales Flatten from September to October

Pro Builder

“Buyer traffic remained strong in October even as the country’s attention was focused on the elections and policy issues going into 2021,” said NAHB Chairman Chuck Fowke, a custom home builder from Tampa, Fla. NAHB analysis showed that the gap between construction and sales was at an all-time high in early fall.

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Florida's Growing Construction Industry Faces Worker Shortage

Construction Equipment

Steve Cona of the Associated Builders and Contractors pointed out a Tampa, Flor. forecasting event that nearly 21 percent of skilled construction workers are over the age of 55, and 29 percent are between 45- and 54-years-old. "We''re We''re not replacing those people fast enough," Cona said. '

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Pandemic’s Top Performing Real Estate: Built-for-Rent

Pro Builder

John Burns Real Estate Consulting is currently forecasting annual SFR rent growth in 2020 and 2021. We anticipate high-growth markets like Phoenix, Salt Lake City, Tampa, Dallas, and Charlotte will outperform the nation overall. Sector fundamentals remain solid.

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