I recently read an article in South Florida Agent Magazine, which gave a synopsis of a report by OMNIS Panels analyzing 368 permit-issuing municipalities across the country. It looked at their figures from the first half of 2020 and 2021 and found a very steep increase in the amount of new construction housing being built nationwide. Per the article, "Nationally, the number of building permits issued increased 36% for all sizes of residential projects. Permits for single-family homes rose by 30%, while large buildings containing five or more units increased by 21%. In addition, the value of newly constructed single-family homes increased by 7%."
In the era of Covid, where we have continually heard about labor and supply challenges, it is not surprising to me that prices have gone up. With the tremendous demand for housing in South Florida, it is no surprise that the study found that the value of new-construction single family homes in Miami, Ft. Lauderdale, and Pompano Beach was up 23% year over year. That is quite the increase and it has led to our part of the country topping the list for the biggest construction value increase nationally.
If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate
My focused dedication as a realtor in my home town of Miami for over 25 years, consistently puts me at the top of my field. Whether you’re looking to buy or sell your home, let me help you from start to finish with my results-proven: professional marketing, excellent property exposure and comprehensive experience.
Consistently in the top 10 company-wide at BHHS EWM Realty for the past 15 years, my focus is on Coral Gables, Coconut Grove, Pinecrest and South Miami — specializing in luxury real estate and waterfront properties. Call me today and let’s get started!
Don't hesitate to reach out to me, Ashley Cusack at {305.798.8685, email and website}. Senior Vice President, Berkshire Hathaway HomeServices EWM Realty.
