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New-Home Construction Slumps 7% in July

Strong housing demand will keep pushing builders to build, and the number of new permits issued – a sign of future activity – rose 2.6%. But high material costs, fewer workers and land limitations hold back growth. July home starts rose only in the South, the area that includes Fla. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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