Are Builders Overbuilding Again? Let’s Look at the Facts.
Christian PennerIf you’ve driven around West Palm Beach, North Palm Beach or Wellington recently, you may have noticed a surge of construction activity—shiny new single-family homes being built, “now selling” signs up, and large lots being developed. It can give the impression that builders are piling on and we may be repeating the mistakes of the last major housing crash. But as local mortgage broker, lender and real estate advisor Christian Penner at America’s Mortgage Solutions (AMS) can tell you: the story in South Florida is very different. The data shows that builders are pulling back, not over-building. This article will dive into why that matters, how the local trends compare to national ones, and what it means for buyers, sellers and investors in this region.
