Builders are responding to demand and costs in real time. After years of underbuilding, they increased output, then began pacing starts as rates and affordability shifted. For buyers in Hillsborough and Pinellas, that means more options than a year ago without a flood of oversupply. For a quick strategy overview, watch our clip here: Condo or House?
Building permits lead actual starts. Current data shows permits trending lower, which points to measured supply growth rather than a surge.
U.S. Census — New Residential Construction permits
Permits are down in most regions, with only minor increases in a few areas. Locally, this supports steady inventory instead of a glut. Buyers can shop with less pressure while sellers still benefit from balanced demand.
Work from the freshest pendings in your micro area and compare total monthly cost with credits and rate options. When a new build fits, weigh builder incentives against resale comps and verify completion timelines and warranty terms. For planning steps, read Why Buyers Finally Have Time To Shop Smart
