WCI Communities: It's deja vu all over again

If you needed another sign that real estate is hot again, then consider the case of WCI Communities.

The Bonita Springs-based developer and homebuilder that emerged from bankruptcy reorganization just four years ago recently upped its initial public offering of stock from $150 million in May to $222.4 million on July 15, according to its registration filings with the Securities and Exchange Commission.
And why not?

Like many homebuilders, WCI has been selling new homes at a rapid clip. Homebuilding revenues at WCI jumped 217% in the first quarter to $30.5 million.