Tallahassee, Fla. – Today, Florida TaxWatch (FTW) released Florida’s Housing Market: Trends of Supply and Demand. This commentary analyzes the increasing cost of buying a house due to supply and demand issues in Florida, building upon FTW’s January 2023 report, Economic Commentary: An Update on Florida’s Housing Rental Market, which evaluated Florida’s challenges with the ever-rising cost of rent. In this report, the taxpayer research institute examines the slowly developing supply of housing units, the growing and evolving demand for housing stock, and the consequences of the high housing and rental prices.

Tallahassee, Fla. – Today, Florida TaxWatch (FTW) is releasing an economic commentary entitled An Update on Florida’s Housing Rental Market. The report builds on previous FTW commentaries, Beyond the Pandemic: Long-term Changes and Challenges for Housing in Florida (October 2021) and Too Expensive to Rent: Florida’s Rental Market and Eviction Moratorium(March 2022), to examine the current strain on Florida’s rental market and the resulting price growth. FTW notes that the circumstances, which are being experienced across the state, are the consequence of Florida’s significant population growth, a decade of slow housing construction, and a post-COVID-19 housing boom.