Supply of new homes shrinks


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  • | 7:10 a.m. February 17, 2014
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One month.

That's all the supply of finished but vacant new homes in Lee and Collier's master-planned communities based on current sales pace, according to market tracker Metrostudy.

That's sharp reversal of fortune from the early days of the recovery, when Southwest Florida builders faced a glut of new homes on the market. In 2010, there was about a one-year's supply of new homes, Metrostudy reported at the time.

 

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