Report: Florida Will Need 570K Housing Units by 2030
The great weather, paired with the "work-from-anywhere" dynamic brought about by the pandemic, continues to bring more people to the Sunshine State, according to the FAA.
The Florida Apartment Association (FAA) has launched a new website, BuildFlorida2030.com, that tracks the state's growing housing needs and includes a dashboard that tracks the percentage of renters, as well as a breakdown of land and construction costs by county.
"I think the big key takeaway is that Florida ... has been growing at a tremendous rate over the past decade or so," said Amanda White with the FAA. "Between 2010 and 2020 for example, the state grew by 15%, which amounts to 2.7 million people, (and) rank(s) second overall (in-state growth) after Texas."
According to the data, the Orlando-Kissimmee-Sanford metro area has a shortage of 10,000 apartment units.
By 2030, Florida's population is projected to grow by 3.2 million, which means the state needs 570,000 housing units by then.
“I think the pandemic really changed the dynamic and people are able to work from anywhere and I think a lot of states in the Sunbelt like Florida that have great weather, beautiful, natural resources and beaches and things of that nature, I think it really attracted folks to live where they want to live,” White said.
Source: "Florida will need 500K housing units by 2030 with growing population, experts say," ClickOrlando.com