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Lance Lambert, industry influencer, reports that several homebuilders in Florida have observed signs of stabilization in their markets during their Q126 earnings period. Notably, PulteGroup saw an 18% year-over-year increase in sales for the state.
According to Lambert, the recent months have seen a reduction in the intensity of corrections across many of Florida's weaker real estate markets, suggesting this trend extends beyond seasonal effects.
Lambert’s recent reporting follows his detailed monthly analysis of housing market inventory across over 800 metros and 25,000 ZIP codes. He has also noted that major U.S. housing markets have faced a negative demand shock as migration has slowed. These earlier findings provide context for the observed stabilization in Florida’s real estate sector.