As affordable housing crisis endures, manufactured homes could be part of the solution
In rural Florida, a new development could offer one solution to the nation's affordable housing crisis: a built-to-rent community populated with manufactured homes. ERC Communities, led by Jerry Ellenburg, is about to begin horizontal construction on a 60-unit manufactured housing project in Zephryhills, the small city 30 miles northeast of Tampa best known for its eponymous bottled water. Ellenburg's model is a twist on traditional manufactured housing developments; typically, occupants of those…Original Article
An NBA executive and startup CEO have purchased a condominium in Water Street Tampa's The Edition for nearly $8 million. Bill Koenig, the NBA's president of global content and media distribution, and Foiye founder and CEO Melinda Witmer, closed on a condo in The Edition on July 15, according to a Hillsborough County deed filed this week. The deed lists the couple's address as their home in Scarsdale, New York. Koenig is a Florida native who grew up in Hollywood, according to his NBA bio. Bank of…
The Tampa Bay housing market has grown exponentially since the start of the Covid-19 pandemic, and a new report by Zillow shows this trend isn't slowing down anytime soon. The data shows that typical home values are $382,776 in the Tampa Bay area, a 72.5% jump since June 2019 and above the national average of $354,165. Additionally, mortgage payments on a typical home are $1,743 a month, excluding taxes and insurance, a 110% increase from 2019. However, these factorshave led to homebuyers having…
In some Tampa Bay counties, there was a spike in residential building permits in April.
Canadian buyers were more interested in Florida.
Foreclosure activity continued to climb in the first half of 2022, inching closer to pre-pandemic levels.
Describe what your company does in a single sentence. New home building and statewide Hardie siding install What was the most exciting thing to happen at or to your company last year? The implementation of our employee experience coupled with the launch of our career development program. As one of the fastest-growing companies in the area, what's the secret to your growth? Or in other words, how did you do it? A commitment to our brand promise of "Building Easier" means we make the experience easy…
Nationwide, people are canceling deals to buy homes at the highest rate since the start of the Covid-19 pandemic. Overall, nearly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month, which is the highest percentage on record with the exception of March and April 2020, when the housing market all but came to a halt due to the onset of the coronavirus pandemic. According to Redfin, the housing market has cooled in recent weeks as the Federal…
With housing becoming unaffordable for many residents, a new report finds that Tampa Bay has one of the worse vacancy rates in the nation.
St. Petersburg Mayor Ken Welch, who threw out the results of the previous administration's RFP process to redevelop Tropicana Field, is starting over with community input.