Florida Realtors® Real Estate Trends: Housing Supply, Affordability Key in 2021

Market Report provided by Florida Realtors

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.