58.5 percent of Florida builders are seeing signs of improvement in the state’s home building industry.
Palm Coast, FL – November 29, 2011 – In a recent survey conducted by Florida HomeBuilder magazine publisher John Baker of Destination Communications in Tallahassee, 58.5 percent of Florida builders are seeing signs of improvement in the state’s home building industry compared to this time a year ago. Just over 30 percent report no signs of improvement. The most optimistic group – the 5.2 percent who see a lot of improvement and are optimistic about the future – is balanced against the 5.9 percent of builders who say they are no longer building homes. Other survey results indicate that tight credit is the biggest factor affecting the home building environment today (37.8 percent) followed closely by foreclosure resolution problems (35.6 percent). About one-third of builders think the market will improve after the 2012 Presidential election and another third believe it will be two years or more before the market rebounds. If the Presidential election were held today, 27 percent of the respondents would vote for former U.S. House Speaker Newt Gingrich, while 19.8 percent would vote for former Massachusetts Governor Mitt Romney, and 19 percent for President Obama. For details, look for the November-December, 2011 issue of Florida HomeBuilder.
Source: Florida Home Builders Association