Orlando's inventory of new subdivision housing falls
As people continued moving into new homes faster than builders were erecting them, Metro Orlando's inventory of new subdivision housing fell again during the second quarter ... New-home starts in Orange, Seminole, Osceola and Lake counties totaled 1,701 during the second quarter ... 12 percent higher than the number of first-quarter starts, a sign that builders were anticipating an increase in demand, Metrostudy reported.
A separate new-home market report by Charles Wayne Consulting Inc. provided additional evidence to suggest that a turnaround could be under way ... "It now appears that the worst of the housing construction slowdown may be behind us."
Source: Orlando Business Journal, July 30
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