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Industry Landscape
The U.S. residential new construction market is experiencing strong demand, particularly in regions like Southwest Florida. High interest rates and supply chain issues pose challenges, but continued population growth and a shortage of existing homes drive new builds. Affordability remains a key factor, with a focus on diverse housing types to meet varied buyer needs. Innovation in construction methods and materials is also shaping the industry.
Total Assets Under Management (AUM)
New Private Housing Starts in United States
~Approx. 1.331 million units (2023 preliminary)
(11.3% CAGR)
- Single-family housing starts increased significantly.
- Multi-family housing starts showed some fluctuation.
- Regional variations in growth persist due to local demand and regulations.
Total Addressable Market
500 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Modular and Prefabricated Construction
This involves manufacturing building components or entire sections off-site in a controlled environment, reducing construction time, waste, and costs.
AI and Data Analytics for Market Insights
Utilizing AI to analyze vast datasets on market trends, buyer preferences, and construction costs to provide more accurate and timely insights for development and sales.
Smart Home Technology Integration
Integrating advanced smart home features, from energy management to security systems, as standard offerings in new builds to enhance desirability and value.
Impactful Policy Frameworks
Florida Senate Bill 4A (2022) - Property Insurance Reform
This bill aimed to stabilize Florida's turbulent property insurance market by reforming litigation practices and requiring insurers to provide more timely responses to claims.
It could potentially lower insurance costs for new homeowners, making new construction more financially attractive for Proposed Properties' clients.
Florida House Bill 919 (2023) - Live Local Act
This act provides incentives for developers to build affordable and workforce housing, including property tax exemptions and preemption of local government restrictions on density and height in certain areas.
This policy could enable Proposed Properties to access more land for development and offer more diverse, affordable housing options to a broader range of buyers.
Florida Statute 553.791 - Building Permit Exemption for Certain Temporary Structures (2022 updates)
While not directly about new construction, ongoing updates to building codes and permit processes, often accelerated in post-disaster scenarios, aim to streamline construction approvals.
Streamlined permitting processes can reduce project delays and administrative burdens for Proposed Properties, accelerating the new home construction timeline for clients.
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