Following an uptick in sales for its single-family homes, Century Homebuilders is launching construction of 26 single-family homes in West Kendall.
The house will be part of the new Century Grand Estate community.
“Business could not be better for single-family homes, said Century Homebuilders President and Founder Sergio Pino.
The company is moving forward following a recent sales increase. Prior to the pandemic, the company sold about 10 homes per month in January and February and four in March across all of its communities. Closings flat-lined in April during the shutdown. But has since picked up; the company sold 20 homes in in May, 20 in June and 23 in July.
Pino credits a surge of homeowners escaping high-tax states and low interest rates, now at 3.125% for a convention 30-year fixed mortgage and 2.25% for a 30-year fixed Federal Housing Administration, or FHA, loan. Pricing —$490,000 to $750,000 — is also a factor.
Read more here: https://www.miamiherald.com/news/business/real-estate-news/article244604632.html