Kimberly Miller at the Palm Beach Post wrote this article today titled, "New home sales slow, but economy not the problem this time". From the article:
New home construction was sluggish in Palm Beach County last year with builders breaking ground on 2,132 new homes, a meager 3 percent gain from 2013.
Economists from the Royal Palm Beach-based Metrostudy tallied 2014’s new home starts, blaming the small boost mostly on a lack of buildable lots [emphasis added], and, to a smaller extent, a dearth of skilled labor.
David Cobb, Metrostudy’s regional director for South Florida, said 4,000 to 5,000 new home starts would be “easily doable” in Palm Beach County if there weren’t land constraints.
“I don’t think these numbers are a result of a bad economy,” said David Cobb, Metrostudy’s regional director for South Florida. “Between Southern and Northlake there are 20,000 potential lots, but they’re not ready yet. It’s a process to get the land zoned and figure out density.”Note the highlighted text above. Now what exactly does Lake Worth have an abundance of ? Buildable lots in an urban setting. In a bikeable/walkable city. Come visit Lake Worth and see for yourself.