With Florida's inventory of existing homes for sales dwindling, big builders are seeing hot sales and making plans to break new ground. The Sarasota Herald-Tribune has this report: ("Companies on a buy-and-build spree in Southwest Florida," by John Hielscher).
"Nine years after its opening, Lennar Corp. has sold out in Stoneybrook at Venice," the paper reports. "Lennar just sold the last of its five home sites in the 900-home development, which was once ranked among the nation's top selling communities. Horton's University Groves Estates, where homes are priced starting in the high $200,000s, is close to selling out after just over a year on the market."
"With Stoneybrook and other communities ratcheting up sales, Miami-based Lennar has begun snaring tracts of land in Manatee and Sarasota counties for new-home projects," the paper reports.