Some of the fastest growing areas you’ve likely heard about are the Southeast and Southwest. Here are the five fastest growing cities for home builders, according to Quicken Loans. Spoiler alert: Four of them are in Florida!
Cape Coral-Fort Myers, FL
This is the fastest growing city in the US as of 2023. Interestingly for home builders, in 2021, Cape Coral-Fort Myers saw over 11,000 new single-unit building permits. That was a 61% increase from the year before!
North Port, FL
North Port experienced a 5.5% year-over-year population growth, thanks in part to its consistently warm weather and natural springs. As of 2023, North Port projects to issue over 15,000 new building permits, a record.
Winter Haven, FL
Only a 35-minute drive from Disney World, Winter Haven is also projecting record growth, with as many as 17,000 new building permits projected to be issued. Along with its warm weather and adjacency to over 50 lakes, Winter Haven offers affordable housing relative to other areas of the country.
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New Braunfels, TX
New Braunfels, Texas, has grown so quickly that it’s projected to run out of developable land by 2035. It’s no wonder, given its location smack in the middle between Austin and San Antonio in the heart of Texas Hill Country.
Port St. Lucie, FL
Rounding out the list is Port St. Lucie. Interestingly, Port St. Lucie differs a bit in terms of its demographics, as much of its growth cam be attributed to retirement-aged people. While weather certainly plays a role in this city’s growth, tax benefits are another huge draw.
A Common Risk in These Cities
A common risk for builders who build in these cities is extreme weather. Hurricanes, floods, and violent thunderstorms are becoming much more common in these areas. As such, it’s important for builders to consider how to address weather issues properly.
2-10 HBW Backs Up Your Builds
Whether you’re building in fast growing cities or not, 2-10 Home Buyers Warranty (2-10 HBW) can help you protect your profits, promote your quality, and plan for a successful future by controlling what’s behind you. 2-10 HBW covers 1 in 5 new homes in the US with industry-leading structural warranty protection. In addition, we offer unique solutions for post-closing customer service through our Front Line Warranty Service.
While a 2-10 HBW Structural Warranty won’t protect against damage from floods, hurricanes, and the like, it can help you protect against other, covered structural issues. And with complimentary marketing materials and guides, 2-10 HBW can help you explain to your clients how to protect themselves against the extreme elements.
Join the 1 in 5 new homes in the US that have a 2-10 HBW Structural Warranty today.