Central Florida has a record inventory of pre-owned homes for sale but that’s not stopping builders from unleashing a flurry of town-home lots and Florida townhouse construction. Local builders have about 2,000 town-home units under way in a three-county Orlando area and are “sitting on a supply of more than 10,500 developed town-home lots in over 100 active communities,” according to a new report by Charles Wayne Consulting Inc. in Orlando.

New single-family homes in the region have been averaging about $388,000, and town homes sell for less, generally starting at $160,000 and topping out at about $500,000. Town homes are “attached” units, generally four to eight for each structure. The buildings most often are two to three stories in the Orlando market, and count as multi-unit housing.

Park Square Homes reports an increase in European buyers at two of its Osceola County communities: BellaVida Resort, south of U.S. Highway 192 in Kissimmee, and Encantada, on Secret Lake Drive just west of the new State Road 429 tollway interchange in Kissimmee. Both have tons of amenities. Locally based Park Square is selling units to Europeans for Florida vacation homes

and full-time homes for those who open small businesses here to obtain visas.

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