Chalk up another casualty of the slow housing market. Construction on phase 3 of Hernando Oaks, which includes 142 lots, has been stalled. And that has prompted county commissioners to issue a $5 million performance bond against the developer to ensure the work will get done. ...more

November 12, 2008

Contractor fails to make required improvements. ...more

November 12, 2008

It's great that our county commissioners will be discussing ways to stimulate the local economy. As I look around my neighborhood and as I drive around Sebring, I see many "For Sale" signs in front of residential properties. Many of these signs are turning into "For Rent" signs as builders, Realtors and private sellers know very well that residential property is not selling. The idea of suspending impact fees and building permit fees seems absurd in today's market. Construction trades are experiencing a longer period of inactivity because builders of spec homes chose to continue building long after it was clear to those of us without crystal balls that sales and prices were dropping. How about discussing ways to attract industry to this area or to rebuild infrastructure where needed? About the last thing we need is building more residential property to further drive prices down when they don't sell. ...more

February 24, 2008

A Dallas-based developer is planning to break new ground in the West Shore hotel market. ...more

February 16, 2008

K-BAR RANCH - Even with the subprime mortgage crisis and record-high foreclosure rates, area builders have faith in New Tampa's new home market. ...more

January 3, 2008