Over a year ago, Farm Credit of Central Florida published a state-level real estate review and, in so doing, echoed lyrics from crooner Tracey Lawrence. Somehow his music continues to ring true, but instead of “Time Marches On” (which it still does), more fitting for this update might be “If the World Had a Front Porch.” Why? Well, because in today’s write-up the central point is that many Americans do not have a porch, more specifically a house at all, and it is not getting much easier to find one.
It might seem the US housing market is turned every which way but loose – overcrowded yet underbuilt, unaffordable but still at “historically low” mortgage rates, perhaps even a “softening" market while at record prices. In prior real estate analyses, Farm Credit of Central Florida has highlighted the market volatility across the country. Read the latest report from our Economist on America’s Real Estate Marketing in Flux.
The following report is intended to be a momentary snapshot of the broad business sectors which comprise the membership of the Florida Nursery, Growers, and Landscape Association (FNGLA), as well as a tool to help others to understand and get a better picture of this overarching industry. Throughout the following pages some terms will be used interchangeably, especially “green industry” and
FLORIDA POPULATION GROWTH EXCEEDS NATIONAL RATE
• Over the last five decades, Florida’s net population increase has provided as much as 14.4% and no
less than 9.3% of the entire country’s growth.
• The Central Florida region has expanded at a faster rate than the state consistently since the 1950s,
and that is forecast to continue through 2040.