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POPULATON BOOSTS FLORIDA HOUSING DEMAND

December 4th, 2007 9:51 AM by Ron Mastrodonato

POPULATON BOOSTS FLORIDA HOUSING DEMAND

Florida will add 325,000 new residents next year, which is a decrease from the annual net population growth rate of 350,000 recorded from 2000 to 2006, according to Orlando-based economist Hank Fishkind. Of the 350,000 people added to the Sunshine State each year during this period, Fishkind says residents moving from other states accounted for 203,000, while foreigners and births accounted for 107,000 and 47,000, respectively. Most of the out-of-state residents came from New York, New Jersey, Illinois, Ohio, Pennsylvania, Georgia, Michigan and California; while foreigners came primarily from Venezuela, Puerto Rico, the United Kingdom and Canada. Census Bureau data reveals that Florida will rank third in terms of population in 2010 and boast 28.6 million residents by 2030. The state is a magnet for retirees, and the Census indicates that 3.8 million new residents would be added if just 5 percent of the nation’s 76 million baby boomers choose to spend their golden years in the Sunshine State.

Source: HGTVPro.com (11/15/07)
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Posted by Ron Mastrodonato on December 4th, 2007 9:51 AM

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