Construction is up in Oyster Bay Harbour, Florida
Great news abounds – the US Census Bureau reports that home building was up 12% for December 2012 as compared to November 2012. And that marks a 37% jump compared to building starts just a year ago in December of 2011. Factors that influence this positive trend are multiple, such as a real demand after almost 5 years of construction stagnation, longterm low interest rates, a return to population growth in Florida after the 2008 exodus caused by job market contractions and more. For more information on this and related topics click HERE.
Here at Oyster Bay Harbour we see the evidence of the renewed building boom everyday. As our luxury community is expanding, we have one home that was just completed, one substantially under way and another set to begin in just a few short weeks. Many folks are starting their long suspended construction projects while interest rates remain low.
Now is the time to purchase your dream home site here in Oyster Bay Harbour
Build now or later. There is no time limit with us. Prices will never be lower! The developer reduced pricing an average of 40% since 2008. Interest rates will never be lower – in fact, some say they will inch up to 4.5% over the course of 2013. We have plenty of wonderful choices for you in our Waterway Oaks neighborhood with wooded, lake front and marsh front views. But now that the pace has picked up, the best views and home sites won’t last for very long. The data shows homeowners clearly favor new construction in this new year. All homesites, ours included, will be selling quickly.