Study finds glimmer of hope in Florida’s battered housing market

As negative news continues to pour in, a study shows that home construction in Florida is among the best in the country.

By Louis Llovio
| 5:00 p.m. January 17, 2023
| 0 Free Articles Remaining!

Babcock Ranch, the 18,000-acre planned community with 19,500 residences and 6,000,000 square feet of commercial space, announced in April 2022 that it has sold more than 2,000 homes.

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Despite worries about the housing market slowing down, a new study shows that Florida ranks among the top states in the country for home building.

According to data released by an Oregon real estate firm, 9.8 homes are being developed in Florida for every 1,000 residents.

The study was released by PortlandRealEstate.com, which is a website for Matin Real Estate in Portland, Oregon. The firm used data from the U.S Census and the market research firm Statista to figure out which states have the most new homes under development per 1,000 residents.