Newspaper article Sarasota Herald Tribune

Neal Sales Are Up 60% Compared with 2012

Newspaper article Sarasota Herald Tribune

Neal Sales Are Up 60% Compared with 2012

Article excerpt

LAKEWOOD RANCH

With another strong month of sales, prominent area homebuilder Neal Communities is now ahead of last year's pace by more than 60 percent through May, the company said Monday.

Capped off by 65 new home sales last month, the Lakewood Ranch- based builder has found customers for 388 houses so far this year, compared with 239 at this time in 2012. Meanwhile, traffic to Neal models has doubled from a year ago, with 1,683 visitors touring a home in May, company officials said.

The uptick is consistent with the trend homebuilders throughout the region have reported this year, with new plans accelerated to meet a shortage in the supply of single-family homes.

Many builders, like__ Neal, are as a result on track for a record-breaking year.

Neal last month registered sales in 16 communities, from Manatee County south to Lee County, where the builder sold its first homes at Villa Palmeras in Estero and Verandah in Fort Myers.

Other active neighborhoods were Central Park at Lakewood Ranch, with 13 sales, Grand Palm in Venice, with nine sales, and Forest Creek in Bradenton, with six sales. …

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