Miki Naftali, chairman and CEO of Naftali Group, expressed that there is strong demand for real estate in South Florida. However, construction costs are on the rise, influenced in part by factors such as insurance rates linked to threats like Hurricane Helene. This highlights the challenges faced in the construction industry despite a healthy demand for housing.
The strong demand for real estate in South Florida could benefit companies involved in real estate development and construction. However, rising construction costs might compress margins for these companies, impacting profitability. Investors should keep an eye on stocks related to South Florida real estate development, as they may face pressure due to rising costs but could still benefit from high demand.
Naftali Group chairman and CEO Miki Naftali discusses the insurance cost as Hurricane Helene makes its way to the Gulf Coast on 'The Claman Countdown.'