Florida has reached another milestone! We are finally back over the 6000 mark for new residential permits. This level hasn't been seen since June 2007 - over eight years ago! Closed home sales were the best since I started charting them in January of 2013. The supply of homes is down to 4.6 months - again, the lowest since I began tracking them. Housing is good!
Multi-family permits were nearly a carbon copy of May's great figures. Business Week published an article about the rental market. Rental prices are up 3.4%, almost double the base inflation rate. Also, there is simply not enough rental housing because baby boomers are competing with young renters for the same properties. Get in the game!
"You can have everything in life that you want if you just give enough other people what they want." - Zig Ziglar