Big Construction Expansion Is on the Horizon – 2017

The 2017 housing market anticipates a rise in single-family home construction due to economic growth and employment gains.

In 2016, the NAHB reported a 5% increase from 2015, with just over 1.15 million housing starts. NAHB is now predicting an increase of ten percent in single-family home production this year and an even better twelve percent increase for 2018.

Builders aim to appeal to younger buyers by constructing townhomes, which are showing positive growth. In fact, these types of homes account for more than eleven percent of all single-family starts.

Higher mortgage rates may reduce demand, but builders retain a positive outlook. An alternative lending source like hard money loans allows you to skip traditional mortgage lenders and get funding within days, avoiding red tape. We recently completed another successful transaction involving a $180,000 loan to Biscayne Plaza 503 LLC, a Miami property. It included a 55% LTV and closed in just nine days.

This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group. With 30+ years of experience in private money real estate loans, we offer our esteemed clients personalized services with low rates and closing costs. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at to fill out an application form.