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New housing starts fall in Broward and Palm as builders struggle to find land

New housing starts fall in Broward and Palm as builders struggle to find land

Home construction in South Florida started 2015 with a thud as a shrinking land supply continues to dog developers. Palm Beach County had 483 housing starts from January through March, down 15 percent from a year earlier, according to the Metrostudy research firm. Broward County had 282 starts, off 8 percent from the first quarter of 2014. The figures include single-family homes and townhomes, but not condominiums. Palm Beach County is on track for about 2,000 starts annually, while Broward is expected to see roughly 1,100 homes started during the year. That homebuilding pace has been flat for several quarters, said David Cobb, regional director for Metrostudy. The annual-starts pace...

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