Florida will need 500,000 homes by 2030 with growing population, experts say

ORLANDO, Florida. – The Florida Apartment Association’s latest research project tracks the state’s growing housing needs with an all-new website—BuildFlorida2030.com.

The site displays a dashboard that includes the current percentage of tenants as well as land and building costs by county.

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It is set up to help residents, alongside national and local decision makers, access information about their communities.

“I think the big takeaway is that Florida, we know Florida has grown by leaps and bounds over the last decade,” said Amanda White of the FAA.

White explained at the time that the Orlando-Kissimmee-Sanford metro area was short by 10,000 apartments.

“Between 2010 and 2020, for example, the state grew 15%, representing 2.7 million people, (and) ranks second (in state growth) after Texas,” said she declared.

According to the FAA, Florida’s population is expected to increase by 3.2 million by 2030, which means the state needs 570,000 homes by then.

“I think the pandemic has really changed the dynamic and people can work from anywhere and I think a lot of Sunbelt states like Florida that have great weather and beautiful natural resources and beaches and things of that nature, I think it’s really attracted people to live where they want to live,” White said.

The FAA, along with Florida realtors, filed a lawsuit to block Orange County’s rent control ordinance.

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