Lack of land hampers housing starts

Broward County housing starts increased in the second quarter, though home construction remains at low levels because of a lack of buildable land.

Builders started 368 units in Broward from April through June, up 19 percent from a year earlier, the Metrostudy research firm said Wednesday. The annual “starts pace” — a tally of housing starts from the past four consecutive quarters -— was at 1,229 units, a 14 percent increase from the prior year.

Palm Beach County homebuilding was more active in the second quarter, though starts dropped 3 percent, to 618 from 636 a year ago, Metrostudy said. Annual starts also decreased to 2,006, down 11 percent.

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http://www.sun-sentinel.com/business/realestate/fl-housing-starts-20150805-story.html

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