Interesting, our home builder, Pulte, is building a huge 200 complex of apartments on the back edge of the 800 single family home development. Probably to "corner the market"......
I assume they must have done some research to make an investment of that size.
The U.S. population is growing by about 2.5 million people each year. Of that, immigration contributes over one million people to the U.S. population annually.
Using the Census Bureau's medium projections, U.S. population will grow to 394 million by the year 2050.
The United States has one of the highest natural growth rates (0.7%) of any industrialized country in the world. For comparison, the United Kingdom's natural increase is one quarter the rate of the U.S. at 0.2%, while Germany's natural increase is 0.
Florida's population has grown from 1.9 million in 1940 to 15 million today. That is over a 600% increase in just 50 years.
Where do you think all these new people are going to live and work? We will need to build new housing to keep up with population growth.