SWFL Experiences A Housing Construction Boom
SWFL Experiences A Housing Construction Boom
As many locals have experienced over the last year, rent for multi-family and single-family communities have risen substantially. This recent spike can be attributed to the low inventory of homes for sale in Southwest Florida along with the increase of residents flocking to Florida’s sandy beaches from out of state. Florida has been leading the nation’s recovery of the pandemic with an increase in passengers to RSW International airport, new home purchases, and new home construction.
Wink News reported in September that almost 1,000 new unit permits have been approved to be built throughout Southwest Florida. In fact, Southwest Florida’s Cape Coral and Fort Myers markets are seeing the second highest increase in single-family homes for the entire country. Additionally, new mulit-family projects continue to rise at a high pace.
New construction of single-family and multi-family units is a great sign for the Southwest Florida market in terms of meeting consumer demand in this hot housing market, along with leading the U.S. in recovery.
To learn more about the Southwest Florida market, give us a call at (239) 334-3040!
You May Like
Florida Highlight: Freedom Week Tax Holiday
This week we would like to highlight a newly minted Florida tax holiday. This holiday was signed into law by Governor Ron Desantis, beginning July 1st and ending July 7th. Freedom tax week looks to boost consumer growth through limiting sales tax on recreational equipment and activity. For instance, this
SWFL Companies Land on Prestigious List of Top Performing Businesses in Florida
A dozen local SWFL Businesses have landed on Inc’s list of top performing companies. Based on revenue growth from 2017 to 2019, the list boasted five companies from Lee county and seven companies from Collier county. Fieldedge, a software provider, was ranked at #54 due to a 184% increase in
Back and Better: How Construction and Professional Business Services are helping strong employment gains in SWFL
Through these Co-vid times, all industries in all states have been hit hard. As vaccines are made readily available and consumers are taking heavier precautions to slow the spread, the economy is beginning to spur back into pre-Covid action. In Florida, employment is returning in strong numbers, with SWFL leading