One factor in recession may hit bottom this summer as new home inventories decline, reports Mark Metheny, president of Lennar’s Cent. FL division

One factor in recession may hit bottom this summer as new home inventories decline, reports Mark Metheny, president of Lennar’s Central Florida division

TAMPA, Fla. - At least one part of the housing recession appears to be nearing its end, reports one of Florida’s largest home builders.

Lennar’s Central Florida Division, which builds new single-family and town homes priced from the $100s to the $400s in some 35 communities throughout the Central Florida regions of Tampa Bay, Metro Orlando and the Space Coast, reports that it has sold out nearly all of its inventory homes.

“We’re down to the last 25 inventory homes,” said Mark Metheny, president of Lennar’s Central Florida Division. “That is a sustainable number, and they are spread out over our communities in Hillsborough, Pasco, Hernando, Polk, Osceola, Orange, Lake, Seminole and Brevard counties,” he said.

Metheny said new home sales activity is strongest in the active adult sector, and Lennar is planning to expand to accommodate the growing number of active adult and retirement-aged adults moving to Florida.

The home builder announced last week it will expand its active adult communities in Brevard and Lake Counties by some 150 new homes.

In addition, Metheny said, four new communities are planned to start construction before the end of this year.

For more information, contact:
Mark Metheny, Lennar Division President-Central Florida,888-317-7489;

Jassy Friddle, Marketing Manager Lennar, 888-317-7489;

Robert Jesski, Lennar Vice President of Sales-Central Florida, 888-317-7489;

David Parker, VP Sales & Marketing, Lennar-Central Florida 877 205-1102;

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142,lvershelco@aol.com