TAMPA/ORLANDO/JACKSONVILLE, Fla. --- The recession has been turning things upside down for the past five years, so this shouldn’t come as much of a surprise: in many areas of Florida it’s getting to be cheaper to own a home than to rent.
That’s the word from John Burns, a real estate consultant and author of the May 2012 John Burns Regional Analysis and Reports for North and Central Florida.
Rent prices have risen for the past two quarters in Central Florida to an average of about $800 for a median-sized home, the report asserts.
That means it costs about $333 a month less to own a home than to rent one of a comparable size in the Tampa Bay area, $322 a month less in the Orlando area and $260 a month less in the Jacksonville area.
When the recession struck a wave of foreclosures hampered the housing industry in Florida, said Sean Strickler, vice president of sales for Pulte Homes in the North Florida region.
“Many former home owners were forced into the rental market and rental prices rose considerably,” Strickler explained.
“Meanwhile, housing prices decreased as thousands of foreclosed homes went on the market. Now we’ve seen the two lines cross--- when you factor in historically low interest rates it’s less expensive to own a home than it is to rent one of comparable size,” Strickler said.
And that doesn’t take into consideration lifestyle or amenities offered in new communities or the headaches involved with renting, Strickler said.
Pulte Homes is developing four communities in the Jacksonville region, including Forest Hammock at Oakleaf in Orange Park, Flagler Station and Bartram Park in south Jacksonville and Vizcaya near Jacksonville Beach.
Pulte Homes is developing four communities in the Orlando region, including Berkshire Park and Windermere Terrace in Windermere, Meadow Ridge in Ocoee and VillageWalk at Lake Nona in east Orlando.
Pulte Homes is developing four communities in the Tampa Bay region, including Trillium in Brooksville, Stonebrier Waterbridge in Lutz, Bonvida in Valrico and Harrison Ranch in Parrish.
Pulte Homes builds new single-family homes priced from under $100,000 to the $300s in the Tampa Bay region, from the low $200s in the Orlando region and the mid-$100s in the Jacksonville area.
Centex is developing four communities in the Tampa Bay region, including Starling at Fishhawk Ranch in Lithia, Magnolia Park in Riverview and Stonebrier Sweetgrass in Lutz.
Centex is developing three communities in the Orlando region, including Verde Ridge in Clermont, Sullivan Ranch in Mt. Dora and Legacy Park in Casselberry. Centex builds townhomes and single-family homes priced from the mid-$100s in the Orlando Region.
Centex builds new townhomes and single-family homes priced from the low-$100s in the Tampa Bay region.
Most major home builders---Pulte Homes and Centex included---feature amenities such as security gates, swimming pools, community clubhouses, playgrounds, and nature trails in communities designed for working families as well.
“There may never be a better time in our lifetime to own a new home. Anytime you can invest in your family’s future and give them a better quality of life at a lower monthly cost it makes the decision to buy new very clear,” Strickler said.
About Pulte Homes
Communities built by Pulte Homes are designed to deliver the best quality of life for home owners. By combining innovative Life-Tested® designs, an unwavering commitment to quality and attention to detail, Pulte Homes is the nation’s premier home brand for upwardly mobile home buyers. As the most awarded homebuilder in customer satisfaction, Pulte Homes has consistently ranked among top home builders in third-party customer satisfaction studies. For more information about Pulte Homes, visit www.pulte.com.
About Centex
Reliably built, smartly designed and affordable, Centex Homes brings the pride of homeownership to value-conscious buyers in 21 states. As the leading brand for first-time homebuyers looking for just the right home, Centex balances affordability with unique form and function leading to better living. Buyers put themselves in a better place by choosing Centex. For more information about Centex, visit www.centex.com.
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Bloomfield Hills, Mich., is one of America’s largest home building companies with operations in approximately 60 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes and Del Webb, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup conducts extensive research to provide home buyers with innovative solutions and new homes designed for the way people actually live today. As the most awarded home builder in customer satisfaction, PulteGroup brands have consistently ranked among top home builders in third-party customer satisfaction studies.
Monday, July 2, 2012
Reliable Systems Solutions Launches CRE4HIRE Program to Provide Certified Reliability Engineering Services on a Project Basis
ORLANDO, Fla. --- Reliable Systems Solutions, a leading U.S. provider of Reliability Engineering Services in the aerospace, aviation, commercial and defense industries, has launched CRE4HIRETM, a unique program that allows technology firms to outsource Certified Reliability Engineering (CRE) services on a per-project basis.
Richard Coronado, founder and CEO of Reliable Systems Solutions, said CRE4HIRETM provides Certified Reliability Engineering Services to companies whose projects require System Reliability Block Diagrams, Models and Predictions for MTBF, and performance of a FMECA at the component, SRA, or WRA Level.
“Companies whose projects require that they establish a Reliability Growth Program, perform HALT/HASS Testing on products or establish a FRACAS Program can identify, recruit, hire and employ a Certified Reliability Engineer or they can outsource the requirements to our engineers on a per-project basis and fulfill their contract or RFP requirements much faster and at significantly lower cost,” Coronado said.
For more information about Reliable Systems Solutions, visit www.reliablessystemsolution.com
Reliable Systems Solutions is a client company of the University of Central Florida Business Incubation Program, located in the Central Florida Research Park in east Orlando.
About the UCF Business Incubation Program
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 134 current clients) create over $363 million in annual total economic output and more than 3,120 new jobs (taking direct and indirect and induced impact into account) with an average salary of $59,000. With ten facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development among the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Apopka, the City of Winter Springs, the City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. For more information about the Program and its clients and graduates, please visit www.incubator.ucf.edu and UCFBIP on Facebook, on www.facebook.com/ucf4bip.
Richard Coronado, founder and CEO of Reliable Systems Solutions, said CRE4HIRETM provides Certified Reliability Engineering Services to companies whose projects require System Reliability Block Diagrams, Models and Predictions for MTBF, and performance of a FMECA at the component, SRA, or WRA Level.
“Companies whose projects require that they establish a Reliability Growth Program, perform HALT/HASS Testing on products or establish a FRACAS Program can identify, recruit, hire and employ a Certified Reliability Engineer or they can outsource the requirements to our engineers on a per-project basis and fulfill their contract or RFP requirements much faster and at significantly lower cost,” Coronado said.
For more information about Reliable Systems Solutions, visit www.reliablessystemsolution.com
Reliable Systems Solutions is a client company of the University of Central Florida Business Incubation Program, located in the Central Florida Research Park in east Orlando.
About the UCF Business Incubation Program
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 134 current clients) create over $363 million in annual total economic output and more than 3,120 new jobs (taking direct and indirect and induced impact into account) with an average salary of $59,000. With ten facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development among the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Apopka, the City of Winter Springs, the City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. For more information about the Program and its clients and graduates, please visit www.incubator.ucf.edu and UCFBIP on Facebook, on www.facebook.com/ucf4bip.
Lennar acquires 172 home sites at Triple Creek in Riverview, to start construction of single family homes priced from the $170s
TAMPA, Fla. --- Lennar’s Central Florida Division recently acquired 172 home sites at Triple Creek, located off Balm Riverview Road just south of Big Bend Road in Riverview.
Mark Metheny, president of Lennar’s Central Florida Division, said Lennar will start construction of new single family homes in the first phase at Triple Creek on 40, 50 and 60 foot home sites.
New three, four, five, six and seven bedroom designs will range from 1,900 square feet of living space to 4,054 square feet, Metheny said.
Lennar’s new homes at Triple Creek – priced from the $170s to the $200s – will feature two, three and four baths and come with two and three-car garages, he said.
Metheny said construction of model homes at Triple Creek will start in July.
Triple Creek is adjacent to the “Triple Creek Greenway” a 1,200 acre preserve and protected habitat owned and managed by Hillsborough County with 3.5 miles of hiking trails, over 18 miles of mountain bike trails and more than a dozen man-made, stocked lakes open for fishing.
For more information, visit www.Lennar.com or call 888-317-7489.
Mark Metheny, president of Lennar’s Central Florida Division, said Lennar will start construction of new single family homes in the first phase at Triple Creek on 40, 50 and 60 foot home sites.
New three, four, five, six and seven bedroom designs will range from 1,900 square feet of living space to 4,054 square feet, Metheny said.
Lennar’s new homes at Triple Creek – priced from the $170s to the $200s – will feature two, three and four baths and come with two and three-car garages, he said.
Metheny said construction of model homes at Triple Creek will start in July.
Triple Creek is adjacent to the “Triple Creek Greenway” a 1,200 acre preserve and protected habitat owned and managed by Hillsborough County with 3.5 miles of hiking trails, over 18 miles of mountain bike trails and more than a dozen man-made, stocked lakes open for fishing.
For more information, visit www.Lennar.com or call 888-317-7489.
Tolaris Homes to Start Construction of Luxury “Move Down” Home at Lake Forest
LAKE FOREST, Fla. – Tolaris Homes, which builds luxury custom homes throughout Central Florida, will start construction of a 3,000 square foot luxury home at Lake Forest, located off SR 46 in north Seminole County in August.
Rick Bavec, president of Tolaris Homes, said the three bedroom luxury home features a den and a great room.
The home, which has already been sold, is a special focus of Tolaris Homes: a “move down” home.
“Many active adult home owners have their kids move out and want to live in a smaller, more manageable luxury homes that offer more energy-efficient features and design elements they have always wanted,” Bavec said.
Rick Bavec, president of Tolaris Homes, said the three bedroom luxury home features a den and a great room.
The home, which has already been sold, is a special focus of Tolaris Homes: a “move down” home.
“Many active adult home owners have their kids move out and want to live in a smaller, more manageable luxury homes that offer more energy-efficient features and design elements they have always wanted,” Bavec said.
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