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© 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

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Housing Starts in Florida

  • 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