"DEMAND IS HIGH" METROSTUDY CLAIMS - NEW CONSTRUCTION HOME STARTS IN NAPLES SHOW BIG INCRE
Brad Hunter, chief economist of Metrostudy, which surveys new home starts around the country says, “Demand is high.” Southwest Florida’s new home starts were up 42 percent in 4th quarter 2015. The annual starts pace increased 18% in the fourth quarter compared with the prior-year quarter.
Hunter added, “The rate of starts was up 22 percent over the year in Collier (Naples)
and 10% in Lee County (Bonita Springs, Estero, and Ft. Myers). On a national basis, Metrostudy predicts housing starts will hit 1.23 million by the end of 2016, compared to the 1.1 million that were started in 2015.
Within the city of Naples, according to the number of permits pulled there will certainly be no slow down in home starts in Naples' most luxurious neighborhoods. The corridor between US 41 (Tamiami Trail North) and the beaches of the Gulf of Mexico is enjoying a surge in luxury custom homebuilding. These so-called beach neighborhoods, with prices ranging from the $700s to $20 million enjoy the perfect Naples location. Some homesites offer spectacular Gulf and Naples Bay views, and many offer private boat docks for the boating enthusiasts.
Big Island Builders is building new homes in Naples' finest neighborhoods. The home pictured under construction is located on Gulfshore Blvd. N. - in one of Naples' most desired neighborhoods. For more information contact Big Island Builders at 239.262.6867 or visit www.bigislandbuilders.com