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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 ....
Share this article Share this article ORLANDO, Fla., Jan. 26, 2021 /PRNewswire/ Real estate drives Florida s economy, and figuring out what lies ahead in 2021 is key for policymakers, residents and Realtors, especially with a continuing global pandemic. This year s Florida Realtors® 2021 Florida Real Estate Trends virtual summit also features a panel discussion on how residential and commercial real estate intersect, along with trends in development and new home-construction. Florida Realtors Chief Economist Dr. Brad O Connor and Dr. Robert Dietz, chief economist and senior vice president for economics and housing policy for the National Association of Home Builders (NAHB), will share their insights at the 2021 Florida Real Estate Trends on Feb. 4. The Zoom webinar begins at 9 a.m. and ends at 11 a.m. ....