Housing starts, sales on the downswing statewide

A shortage in supply exacerbates the situation.


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  • | 6:00 a.m. November 30, 2018
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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.

The state recorded a total of 22,272 single-family closings in October, up slightly from 21,807 in September, according to data from Florida Realtors and The Florida Chamber of Commerce’s Florida Scorecard. Those sales figures are off from May, when there were 28,070 sales in the state, a 12-month and 2018 calendar year high-point.

 

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