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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

Since 2019, the state of Florida has built more than 77,000 new properties in areas with a high risk of flooding. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. million built in total in that period, the First Street analysis found.”

Insurance 497
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Phoenix building restrictions squeeze construction firms and agents

Housing Wire

In certain parts of the Phoenix AMA that do not have a designated water provider, builders and developers need a certificate of AWS to obtain a building permit. On August 4, 2023, 5,259 single family homes were for sale in Maricopa County, down from 11,890 homes on August 9, 2019, according to data from Altos Research.

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Master planned communities post strong new home sales numbers in 2023

Housing Wire

As a point of comparison, in the benchmark year of 2019, 31,000 new homes were purchased in the top 50 master planned communities. The thoughtful design and selection of community amenities contribute to the appeal for buyers.” MPCs also provide builders with a wealth of lots in highly desirable communities.

Buyers 482
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New Forecast Pinpoints 2025’s Top Housing Markets

Appraisal Buzz

With mortgage rates likely to ease only modestly next year, these marketsoffering relatively lower-priced homes, more new and existing houses to choose from, and mortgage products designed to give buyers a leg upcould provide some would-be buyers a better chance at entering the market next year. In November, all four U.S. in the West, 18.9%

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ADUs are gaining popularity on the West Coast

Housing Wire

In the Seattle area, there was a 250% ADU construction increase in 2022 compared to 2019. In Seattle, a report designed for City Council outlines that during 2022, permitted ADU construction increased to 988 total units — a sharp rise from the 280 ADU construction permits issued in 2019.

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Opportunities to improve the home-building process

Housing Wire

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. Construction has traditionally been slow to pick up new technology compared to other industries.

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These markets are attracting the most out-of-state real estate investors

Housing Wire

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. The 30% of purchases going to out-of-state buyers in Allen County so far in 2020 is up from 21% in 2019 and 11% in 2018. “A deal for me is a property I can buy for under $100,000, typically.”.