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Share this article Share this article ORLANDO, Fla., Feb. 5, 2021 /PRNewswire/  Homebuilding experienced a surprise year of growth in 2020 despite the pandemic, but new home construction this year will be constrained by supply side factors like higher lumber costs, a shortage of lots and regulatory issues, according to Dr. Robert Dietz, chief economist and senior vice president for economics and policy for the National Association of Home Builders (NAHB). Dietz was one of several real estate economic experts who spoke to 424 Realtors® and attendees during Florida Realtors® virtual 2021 Florida Real Estate Trends summit on Feb. 4. He said, We expect the COVID-19 crisis to continue through February 2021, with a 50% vaccination rate by the end of April and a 75% rate by the end of October – we anticipate accelerating economic growth later in 2021. The new-home construction industry will grow in 2021, but at a lower rate, especially as interest rates will trend higher with

United statesFort lauderdaleHernando countyJennifer quinnKristine smaleBrad oconnorChris owenRobert dietzNancy muscatelloCushman wakefieldResearch departmentNational association of home buildersCostar groupHernando county association of realtorsCostar advisory servicesAssociation of citrus county inc