Housing starts, sales on the downswing statewide

A shortage in supply exacerbates the situation.

  • By Business Observer Staff
  • | 6:00 a.m. November 30, 2018
Courtesy. This home, at 4011 Shell Road, Siesta Key, sold for $5.68 million in August.Â
Courtesy. This home, at 4011 Shell Road, Siesta Key, sold for $5.68 million in August.Â
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Both housing starts and total sales in Florida hit six-month lows in September, and even with a slight uptick in closings in October, the overall statewide market remains middling.

 

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