South Florida Housing Market Posts Solid Year in 2013

Posted in South Florida Market | Posted on 02-05-2014 | Written by Metrostudy News

(West Palm Beach, FL – February 5, 2014) Positive local job growth, price appreciation, and shrinking inventories helped South Florida builders achieve their best year since 2006.  Although starts this quarter declined by 20%, start activity this year exceeded 2012 by 34%.  Finished vacant new home inventory remains tight in Palm Beach and Broward counties, and the Treasure Coast posted significant increases in start activity from a year ago.  Dade remains the sales leader in the market with over 2,500 starts in 2013.  This is according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market.

The pace of new home construction in South Florida slowed by 20% in 4Q13 with 1,437 housing starts, versus 1,799 in the prior quarter. This level of home building is 4.7% higher than in 4Q12, but 29% off the 2013 peak attained in the second quarter of this year.

“The decline in starts can be attributed to several factors, including the spike in interest rates, aggressive builder price increases in the first half of the year, and a dip in consumer confidence caused by the government shutdown in October,” said David Cobb Metrostudy’s Regional Director for the South Florida Market.

Highlights by County:

Miami-Dade: Miami-Dade County leads the six-county market with an annual starts pace of 2,545. Five of the top 10 communities are located in Miami-Dade. However, starts peaked in the second quarter at 895, and have declined by over 50% since, due in part to Aventura Isles’ high starts rate in the second quarter. Completions, on the other hand, are up 46% year-over-year.

Finished, vacant inventory has now crept to a 3.1 months-of-supply level, up from 2.2 a year ago. Miami-Dade’s buyers include an international component, and this is a factor in the timing of move-ins. Now edging above normal, Miami-Dade’s finished vacant inventory level bears watching.

Broward: Housing starts in Broward County fell 27% in the fourth quarter, to 211, from 291 during the third quarter. Starts are also down 27% from a year ago.

There are eight communities in Broward County reporting at least 50 starts in 2013, and six of them are in the Cooper City-Miramar-Davie submarket. A few of these have a supply of vacant developed lots remaining, but most are nearing build out. Northwest Broward County (aka “The Wedge”) will eventually replace south Broward as the most significant source of new home supply. Notable sales successes this year by Standard Pacific, Toll Bros., and Lennar are indicative of this emerging trend. Finished, vacant inventory remains quite tight at only 1.6 months-of-supply.

Palm Beach: Palm Beach County’s housing market is a model of stability, with little variation quarter-over-quarter in starts, completions, and homes under construction. Finished, vacant inventory remains in the healthy range, at only 1.6 months-of-supply, slightly above the second quarter bottom of 1.3.

Martin: This market is constrained not by land but by policy. Finished vacant months-of-supply has declined y-o-y from 3.7 months to 2.6 months today.

St. Lucie: St. Lucie has firmly rebounded from the bottom with quarterly starts up 114% from a year ago. The Tradition community leads the way, and the market should continue to improve, led by a solid recovery in job growth.

Indian River: Indian River’s market continues to improve with quarterly starts up 45% from a year ago. Finished, vacant inventory has dropped from the peak of 11 months-of-supply in 2010 to 2.9 as of the end of 2013.

About Metrostudy

Metrostudy is the leading provider of primary and secondary market information to the housing and related industries nationwide. Metrostudy provides research, data, analytics and consulting services to help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day. For more information, visit www.metrostudy.com

About Hanley Wood

Hanley Wood, LLC is the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries. Utilizing the largest editorial- and analytics-driven construction market database, the company produces powerful market data and insights; award-winning publications, newsletters and websites; marquee trade shows and executive events; and strategic marketing solutions. To learn more, visit hanleywood.com.

Third Quarter Housing Pullback Not a Cause for Concern

Posted in South Florida Market | Posted on 10-26-2013 | Written by Metrostudy News

The pace of new home construction in South Florida slowed in the third quarter, with 1,813 housing starts, compared with 2,040 (the post-bubble peak) in the prior quarter. Although still considerably higher than a year ago, this level of home-building is 11.1% lower than that of the second quarter.

“This decline is not a cause for concern, and is not an inflection point. In fact, substantially all of the apparent decline is actually due to the prior quarter’s surge, driven by the 249 starts in the Aventura Isles development in the northern portion of Miami-Dade County,” said Brad Hunter Metrostudy’s Chief Economist.

Highlights by County:

Miami-Dade: The basic upward trajectory of homebuilding in Miami-Dade County is in place, but the path has been jagged when viewed quarter by quarter. There was a massive surge of construction in the second quarter of 2013, followed by a drop in the third quarter. “The third quarter number was still higher than the first quarter number; the intervening quarter was the anomaly,” Hunter said

Finished, vacant inventory has not yet reacted to the surge in construction, but there may well be a large uptick in this number in the fourth quarter and first quarter 2014 readings, depending upon how quickly the buyers of those homes get moved in. “The homes are sold, so they will be moved into in short order, meaning that a related increase in finished vacant inventory will be temporary,” Hunter said.

Annual move-ins in Miami-Dade rose 61% year over- year, and the second quarter’s 422 move-ins were up 7.7% versus the first quarter’s pace.

Broward: Housing starts in Broward County fell 12.4% in the third quarter to 298, from 340 in the second quarter. Still, the latest reading is up 21.1% from a year earlier.

There has been a marked shift within the county in the last six months, from the south to the north. This has happened as Monterra has built out in the south, and the large north-county communities in Parkland have started to ramp up. “The northwestern portion of Broward County is on its way to replacing southwest Broward as the greatest source of new home supply. Lennar and Standard Pacific, along with Toll Brothers and WCI, will lead this surge,” Hunter said.

The result of this shift is that Broward’s numbers at a high level look like they are flat or down. Additional new projects are being planned in the central portion of the county, but most of the rest is infill.

Palm Beach: Housing starts in Palm Beach County are generally staying close to 500 per quarter, having ticked up to 530 in the third quarter. The inventory of finished, vacant new homes rose to 229 in the third quarter, up 16.2% from the previous quarter and almost back up to year ago levels. The months-of-supply of finished housing is at 1.5 months, down from 1.8 months a year ago.  “Palm Beach County is a very tight market,” Hunter said.

Martin: Martin County is finally back to a normal level of housing supply, having shed most of the overhang from the boom and bust. Starts got back into the triple digits again, for the first time since the financial industry meltdown. There were 113 starts in the third quarter, up from 99 in the prior quarter, and up from 93 a year ago. Finished, vacant inventory stands at 64 units, or 2.8 months-of-supply.

St. Lucie: Construction activity has surged in the past six months in St. Lucie County. The quarterly pace of housing starts increased 44.1% sequentially, and is now 181.4% above the year-ago pace. The absolute numbers are small, of course, allowing for massive percentage changes. The actual number of homes started in the third quarter is 121, compared with only 43 a year ago. At least the trend is clearly upward. Finished, vacant inventory is still high in most areas of the county, at 8.6 months on average.

Indian River: Activity is fairly flat in Indian River County, in terms of starts, but the pace of move-ins is now extremely strong. Move-ins (what Hunter calls “observed closings”) rose 61.1% in the third quarter, from 66 in 2Q to 116 in 3Q. As a result, the months of supply of finished, vacant inventory fell from 4.5 months to only 2.8 months.

For information contact:
brad hunter @ 561.573.8351
email bhunter@metrostudy.com

About Metrostudy

Metrostudy, a Hanley Wood company, is the leading provider of primary and secondary market information to the housing and related industries nationwide.  Established in 1975 in Houston, Metrostudy provides research, data, analytics and consulting services that help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day.  www.metrostudy.com

About Hanley Wood

Hanley Wood, LLC is the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries. Utilizing the largest editorial- and analytics-driven construction market database, the company produces powerful market data and insights; award-winning publications, newsletters and websites; marquee trade shows and executive events; and strategic marketing solutions. To learn more, visit hanleywood.com.

Home Construction Boom Continues in South Florida

Posted in South Florida Market | Posted on 07-22-2013 | Written by Metrostudy News

(Miami, FL– July 22, 2013) New home construction continues to increase by leaps and bounds in southeast Florida.  This is according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market.

Builders started construction on 1,951 single-family homes in the six-county area during the second quarter. “This is the highest level in 6 years, and it was 22.8% higher than the first quarter’s pace,” said Metrostudy’s chief economist Brad Hunter. The steady pace of increase is remarkable in that it has taken place as job growth has slowed. A new “urgency to buy” seems to have helped new home demand, with consumers driven by a desire to beat further price increases and higher mortgage rates.

The boom in construction is being driven by rising demand, as measured by Metrostudy.  The quarterly “move-in” pace is up 27.2% versus the second quarter of last year. People moved in to 1,344 newly-built homes during the second quarter.  The annual move-ins pace rose 23.7% year-over-year.

Highlights by County:

Miami-Dade: Miami-Dade County leads the pack again this quarter in year-over-year annual starts growth, at 102.4% (from 1,197 to 2,423).  “Demand for new homes is exploding in the most-desired neighborhoods of Miami-Dade,” said Hunter.

Annual move-ins in Miami-Dade rose 61% year over- year, and the second quarter’s 422 move-ins were up 7.7% versus the first quarter’s pace.

As of the end of the second quarter, there were 343 finished vacant units in Miami-Dade County, which translates to 2.4 months-of-supply.

There were only 4,471 vacant developed lots (“VDL”) in Miami-Dade County at the end of the second quarter, representing a very low 22.1 months-of-supply (obtained by dividing VDL by annual starts and multiplying by twelve).

Broward: Broward County’s quarterly housing starts have been flat over the last 6 quarters, up only 3.2% in the second quarter versus the second quarter of 2012. The current annual starts figure is 1,037, and the current annual move-ins figure is 1,018.

As of the end of the second quarter, Broward had only 1.7 months-of-supply of finished vacant units, up from 1.4 a quarter ago and down from 1.8 a year ago.

Severe lot shortages in Broward are driving up home prices rapidly, according to Metrostudy.  There were only 1,745 vacant developed lots in Broward as of the end of the second quarter, representing a tight 20.2 months-of-supply.

Palm Beach: Palm Beach County builders started 490 homes during the second quarter, up 11.1% versus four quarters earlier, but slightly lower versus the last three quarters. Annual starts are up 29.8% year over- year, to 2,011.  Annual starts have not been this high since 3Q 2007.

Quarterly move-ins fell from 520 during the first quarter to 469 during the second quarter. Both of these quarters were stronger than any others since 3Q08. Annual move-ins reached 1,767. There are currently 204 finished vacant units in the entire county, constituting a low 1.4 month supply.

In Palm Beach County, there were only 3,296 VDL as of the end of the second quarter. This represents a very low 19.7-month supply at the current annual starts pace.  New projects are being planned to develop lots and homes in the western reaches of the county.

Martin: Martin county is starting to come back. There were 99 starts in Martin County during the second quarter, the highest quarterly starts pace since 2006. The annual starts pace reached 321, up 59.7% over a year earlier.

Martin County’s annual move-ins pace rose to 245 at of the end of the second quarter, up 10.7% versus a year ago. Quarterly move-ins have been relatively high for two quarters now.

There are now 68 units of finished, vacant inventory, which translates to 3.3 months-of supply. This is down from 3.8 m-o-s last quarter, and 4.2 m-o-s a year ago. Martin County has 2,031 vacant developed lots.

St. Lucie: Starts in St. Lucie County were at their highest pace, both annual and quarterly, since 2008.

Quarterly starts rose to 84, from 37 in the first quarter and 23 in 2Q 2012.  St. Lucie housing is still soft, but gathering momentum at a rapid pace.  “Within a year or two, the St. Lucie market will start to light up again,” Hunter said.

There were 47 move-ins during the second quarter, down from 54 during the first quarter, but up from 34 a year ago.

There were 118 finished vacant single-family homes as of the end of the second quarter, down from 141 a year earlier. At the current annual move-ins pace, this makes 8.7 months of supply. If we consider only detached homes, there were still 5.7 months-of-supply.

St. Lucie County had 7,073 vacant developed lots as of the end of the second quarter.

Indian River: There were 107 single-family starts during the second quarter, down from 117 during the first quarter, and up from 63 a year ago.

Absorption remains fairly stable, with 282 annual move-ins as of the end of the second quarter, versus 259 annual move-ins a year ago.

The number of finished-vacant units rose to 105 at the end of the second quarter, from 68 at the end of the first quarter. There were 114 such units a year ago. The finished vacant months of- supply figure rose from 3.0 at the end of the first quarter, to 4.5 at the end of the second quarter. It was 5.3 a year ago.

Indian River County has 4,350 vacant developed lots.

For information contact:
brad hunter @ 561.573.8351
email bhunter@metrostudy.com

About Metrostudy

Metrostudy, a Hanley Wood company, is the leading provider of primary and secondary market information to the housing and related industries nationwide.  Established in 1975 in Houston, Metrostudy provides research, data, analytics and consulting services that help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day.  www.metrostudy.com

About Hanley Wood

Hanley Wood, LLC is the premier media, event, information and strategic marketing services company serving the residential, commercial design and construction industries. Through its operating platforms, the company produces award-winning digital and print publications, newsletters, websites, marquee trade shows and events, Market Intelligence data and strategic marketing solutions. The company also is North America’s leading publisher of home plans.

South Florida Single-family Housing Gains Sharply in First Quarter

Posted in South Florida Condo Market, South Florida Market | Posted on 05-03-2013 | Written by Metrostudy News

(Miami, FL– May 3, 2013) The new South Florida boom in home construction is gaining momentum. This is according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market.

Builders started construction on 1,585 single family homes in the six-county area during the first three months of the year. This is the highest pace since mid-2007, and it was 61.2% higher than 1Q12’s pace. Annual single-family housing starts rose sharply year-over-year, with the 1Q 2013 level of 5,721 being 46% higher than the 1Q 2012 level.

Consumer demand is strong; all of the homes are getting moved into as soon as they are completed.  Quarterly move-in pace is up 18.8% vs. this time last year. End-users absorbed 1,296 new homes during 1Q13, and 4,863 during the last four quarters. The number of finished vacant housing units barely budged, up from 939 to 942 during 1Q13, and the months-of-supply figure fell from 2.4 to 2.3.  “The days of excess inventories are long gone.  Inventory levels are back in an equilibrium range overall, and are actually on the low side in many submarkets,” said Brad Hunter, regional director of Metrostudy’s Chief Economist.  This, he says, means that housing starts will increase sharply throughout the rest of the year.

Highlights by County:

Miami-Dade: Demand is up sharply throughout the Miami market, Metrostudy’s research shows.  “Miami-Dade County leads the rest of the South Florida counties now, after a 111.1% increase in construction in the last twelve months,” said Hunter.  Miami-Dade County builders started 1,984 single-family homes in the first quarter of 2013, up from 940 four quarters ago.

Those homes are all becoming occupied as soon as they are completed.  Annual move-ins in Miami-Dade rose 62% year over-year, although the first quarter’s move-ins were down 30.2% vs. the fourth quarter’s strong 562 move-ins pace. As of the end of 1Q13, there were 306 finished vacant units in Miami-Dade County, which translates to 2.4 MOS. There were only 4,321 vacant developed lots remaining in Miami-Dade at the end of 1Q13, representing 26.1 MOS. There were only another 5,563 future lots identified (platted or otherwise known to be in the pipeline).

Broward: Broward County has not grown as quickly as Miami-Dade because of land scarcity.  Its quarterly housing starts have been fairly steady over the last 5 quarters, uponly 5.6% in 1Q13 vs. 1Q12. The current annual starts figure is 1,029, and the current annual move-ins figure is 1,056. As of the end of 1Q13, Broward had only 1.4 MOS of finished vacant units, down from 1.7 a quarter ago and 2.5 a year ago. There were only 2,010 vacant developed lots in Broward as of the end of 1Q13, representing 23.4 MOS. “Activity in Broward will soon shift from South Broward to North Broward, where more large new projects are starting.” said Hunter.

Palm Beach: Palm Beach County’s quarterly starts are up 37% vs. four quarters earlier.  “The pace of single-family home construction has not been this high since 2007,” said Hunter. There are currently only 225 finished vacant units, constituting 1.7 months of supply, at the current rate of move-ins. In Palm Beach County, there are only 3,551 vacant, developed lots, only 21.8 months worth of supply at the current pace of construction.

Martin: Metrostudy finds that Martin County’s annual construction pace is back to the late 2007 level, with 294 annual starts, up 77.1% over a year earlier. Martin County’s annual move-ins pace was 239 as of the end of 1Q13, up 39% vs. a year ago. There are now 76 units of finished, vacant inventory, which translates to 3.8 MOS.  This is up from 3.7 MOS last quarter and 3.0 MOS two quarters ago. Martin County has 2,095 vacant developed lots.

St. Lucie: Annual housing starts in St. Lucie County rose 27.3% year-over-year, to 154, but annual move-ins fell 23.1% to 150. There were 126 finished vacant single-family homes as of the end of 1Q13, down from 156 a year earlier.  At the current annual move-ins pace, this makes 10.1 MOS.  If we consider only detached homes, there was still 6.5 MOS. St. Lucie County had 7,150 vacant developed lots as of the end 1Q13. “St. Lucie County is still struggling, but the long-term future for this area is very bright,” said Hunter.

Indian River: There were 302 single-family starts during the year that ended with the first quarter of 2013, up 45.9% from a year earlier.  The 117 starts during 1Q13 were almost double those during the previous quarter. Absorption has been fairly stable, with 270 annual move-ins as of the end of 1Q13, vs.  272 annual move-ins a year ago. The finished vacant MOS figure fell to 3.3 in 1Q13, from 3.8 in 4Q12, and 5.5 a year ago.

For information contact:
brad hunter @ 561.573.8351
email bhunter@metrostudy.com

About Metrostudy

Metrostudy, a Hanley Wood company, is the leading provider of primary and secondary market information to the housing and related industries nationwide.  Established in 1975 in Houston, Metrostudy provides research, data, analytics and consulting services that help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day. www.metrostudy.com.

About Hanley Wood

Hanley Wood, LLC is the premier media, event, information and strategic marketing services company serving the residential, commercial design and construction industries. Through its operating platforms, the company produces award-winning digital and print publications, Newsletters, websites, marquee trade shows and events, Market Intelligence data and strategic marketing solutions. The company also is North America’s leading publisher of home plans.

South Florida’s new home construction continues to gather momentum

Posted in South Florida Condo Market, South Florida Market | Posted on 02-07-2013 | Written by Metrostudy News

(Miami, FL– February 7, 2013) Housing production was up strongly in 2012, with all of the boost coming in the first three quarters of the year.   There was a pullback in the final quarter of the year, which is attributed mostly to normal seasonal fluctuations.  This is according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market.

South Florida’s quarterly single-family housing starts rose sharply year-over-year, with the 4Q12 level being 30.2% higher than 4Q11. There were 1,355 starts in 4Q12, which was 7.4% lower than the 3Q12 level. The quarterly move-in pace is up 21.6% versus the fourth quarter of last year, consumers absorbed 1,373 new homes during the fourth quarter; 4,651 during the year. “This is especially remarkable during a time when local job growth has been disturbingly slow. Finished, vacant housing supply declined to under 1,000 units (964), which is a low supply for this market. There is a 2.5 month supply of finished vacant inventory, down from 8.1 months of supply back in 2010,” said Brad Hunter, director of Metrostudy’s South Florida market.

Highlights by County:

Miami-Dade: Miami-Dade had another strong quarter for starts (409 in 4Q, up 169% from 4Q 2011). Annual starts were up 85.9% over a year ago. Quarterly absorptions (move-ins) in Miami-Dade rose 58.7% over the third-quarter level, and more than doubled over 4Q 2011, up to 565.

“The strength in Miami-Dade is county-wide. Areas like Doral and Fontainebleau attain both strong absorption and strong pricing, while South Dade struggles with pricing, but still gets absorption,” said Hunter. There were only 4,576 vacant developed lots remaining in Miami-Dade at the end of 2012.

Broward: Broward County’s quarterly housing starts rose by 9.3% during the fourth quarter, to 269. Comparing 4Q12 versus 4Q11, the number is down 23.1%, but that is mostly because of a major surge at the end of 2011, making it a “tough comp.”  “Demand is unquestionably strong in the “A” (and “B”) neighborhoods of Broward County. When one draws a boundary using Metrosearch, say in Parkland or South Broward, one finds a very tight supply of housing and of lots,” said Hunter. The year-end count of developed lots came in at only 2,056, with only another 7,145 future lots in the pipeline. The shortage will be felt in the form of higher home prices in 2013.

Palm Beach: Quarterly housing starts in Palm Beach County are up 20.7% versus four quarters earlier. The finished vacant inventory has fallen by 27.5% over the same timeframe. In Palm Beach County, there are only 3,897 fully developed lots. This is a 25.6 month supply. “The purchase of the Vavrus tract has attracted a lot of attention in light of the depleting lot supply. Parcels such as this, though currently remote, will be needed as lot supplies in other areas of the county run dry,” said Hunter.

Martin: Martin County builders started construction on 264 homes during 2012. That annual figure was 61% higher than the previous year’s. There are only 67 homes in the finished, vacant inventory, compared with more than 400 back in 2006. Martin County has 2,160 vacant developed lots. Martin County will attract the attention of developers and builders this year. This county is much healthier than the rest of the Treasure Coast, because it did not get as overbuilt as counties to the north,” said Hunter.

St. Lucie: “Housing starts in St. Lucie County rise sharply in 2012, but the level of activity is still depressed,” said Hunter.  There were 147 single-family starts in 2012, and that was up 35% from a year earlier. During the fourth quarter, there were 51 starts, up 82.1% from the 28 homes started in the final quarter of 2011. St. Lucie County has 7,187 vacant developed lots. National home building companies are making forays into St. Lucie again.

Indian River: The Vero Beach market is slowly coming back. There were 239 single-family starts in 2012, up 13.3% from a year earlier. Quarterly starts rose by 37.2% compared to 4Q11’s level. Indian River County has 4,622 vacant developed lots.

For information contact:
brad hunter @ 561.573.8351
email: bhunter@metrostudy.com

About Metrostudy

Metrostudy is the leading provider of primary and secondary market information to the housing industry and related industries nationwide.  In addition to providing information, the company is recognized for its consulting expertise on development, marketing and economic issues, and is a key source of research studies evaluating the marketability of residential and commercial real estate projects.  Services are offered through an extensive network of offices strategically located in major metropolitan areas throughout the U.S.

02/07/13: Metrostudy South Florida 4Q12 Executive Client Briefing

Posted in Events, South Florida Condo Market, South Florida Market | Posted on 01-14-2013 | Written by Brad Hunter

“The housing rebound continues, but the devil is in the submarkets”
- Brad

We hope you will be Brad Hunter’s personal guest for his 4Q12 South Florida market breakfast meeting. Clients: there will be no charge and you are encouraged to bring along associates or clients who would benefit from the briefing. Please make your reservations with Barbara, below.

NEW LOGO 2013

RSVP now for the Quarterly Symposium

An in-depth market discussion using Metrostudy’s latest update of data on all for-sale projects in the South Florida market.

presented by:
Bradley F. Hunter
Chief Economist/Director- South Florida Region

Thursday, February 7th, 2013
9:00 AM – 11:30 AM

Palm Beach County Convention Center
650 Okeechobee Boulevard
West Palm Beach, FL 33401
561-366-3000
www.palmbeachfl.com

Complimentary Seated Breakfast

PLEASE RSVP by Friday, February 1st!!


PHONE: 954-749-9532
E-MAIL: bcampbell@metrostudy.com

MARK YOUR CALENDAR NOW!!!

01/17/13: Mortgage Bankers Association meeting

Posted in Events, South Florida Condo Market, South Florida Market | Posted on 01-14-2013 | Written by Brad Hunter

Metrostudy’s Brad Hunter will be speaking at the Mortgage Bankers Association meeting

Date: January 17th, 2013

Location: Don Shula’s on Main Street in Miami Lakes

Time: 11:00 a.m.

01/25/13: Latin Builders Association January Luncheon

Posted in Events, South Florida Market | Posted on 01-14-2013 | Written by Brad Hunter

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The Latin Builders Association would like to invite you to our
January Luncheon:

The Latin Builders Association would like to invite you to our January Luncheon…

brad h Guest Speaker: Brad Hunter Metrostudy‘s Chief Economist/National Director of Consulting

Friday, January 25, 2012

Rusty Pelican

3201 Rickenbacker Causeway

Key Biscayne, FL 33149

12 – 1 pm | Cocktail Hour

1 pm | Luncheon

$55 for members, $70 for future members

Tickets for this event must be purchased before Tuesday, January 22 to ensure a seat. Late reservations are subject to availability.

Tickets purchased after January 22 are subject to higher prices: $65 for members, $75 for future members.

Sponsorship packages are also available for this event. To inquire about these packages, details, and other concerns, please feel free to reach out to Lourdes Iglesias at 305.446.5989 or lbambrserv@lbaorg.com

For more information, please contact Lourdes Iglesias at 305.446.5989 or lbambrserv@lbaorg.com

Payment must be made prior to lunch by cash, check or credit card.

ONLY PAID RESERVATIONS WILL BE HONORED

48-Hour cancellation notice is required. Cancellations will not be accepted later than Wednesday, January 23, 2013 at 12 pm. Non-fulfilled reservations will be billed.

01/17/13: Hunter to Discuss South Florida Market at Local Meeting

Posted in Events, South Florida Condo Market, South Florida Market | Posted on 01-14-2013 | Written by Brad Hunter

faba 2

Metrostudy’s Brad Hunter to present at the “2013 Housing/Economic Outlook” at Florida Atlantic Builders’ Association General Membership Meeting…

Date: Thursday, January 17, 2013

What: Cocktails and General Membership Meeting

6:00 – 7:00  pm – 2013 Kick Off Cocktails (cash bar)

7:00 pm – 9:00 pm – Full General Membership Meeting and Economic Forecast 2013.

Where: Sheraton Fort Lauderdale Airport Hotel, @ Griffin Road and I-95.

Price: $75 advance registration price at: http://tinyurl.com/axg9rhu

What you get:

Brad Hunter’s 2013 Housing/Economic Outlook presentation

Kick-Off Cocktail Hour (cash bar)

Three-course sit-down dinner (with entrée choices)

Free Parking!

Registration questions: e-mail to: monicabozza@myfaba.com at FABA

Price at door: $100

01/16/13: Hunter to Discuss South Florida Market at Local Meeting

Posted in Events, South Florida Market | Posted on 01-14-2013 | Written by Brad Hunter

acres 1

Please join us for our Luncheon at Bogart’s


2013 – Will We See Continued Recovery in Housing?

Speaker : Brad Hunter


Lake Worth, Florida

Noon–Wednesday January 16th


$25 (Pay at the door) Please let us know if you’d like to invite any guests.