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Florida Housing Starts Rise After Recession
- 1. © 2019 Jones Lang LaSalle IP, Inc. All rights reserved. For more information, contact: Snapshot Florida Housing Supply: a pensive upswing following the Great Recession Source: FRED; Yahoo Finance; JLL Research Jacob Attaway | Jacob.Attaway@am.jll.com • Development volume has almost returned to that seen in the early 2000s, but with a decidedly moderated zeal as home developers reflect on the events of 2008-2010. Development activity this cycle is predicated on smart risks and a thoughtful approach to interpreting economic fundamentals while still meeting an influx of demand for housing. • Florida is the 5th fastest growing state by population in the U.S. With 63 percent of Florida’s population sitting one these four major metros. Since 2009, the population for these 4 key metros has grown by 15.0 percent. September 16, 2019 Florida Housing Starts (Permits pulled for new homes) 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Tampa Jacksonville South Florida Orlando Population Growth 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Jacksonville Orlando Tampa South Florida 2009 2019