Those of us that are associated with the construction or real estate market should be very grateful. It has been projected that Florida will grow more in raw population (number of new bodies calling Florida home) than any other State in the Union in the next 20-25 years. Florida is the third most populated state with approximately 23 million people behind California’s approximately 38 million and Texas with approximately 27 million. In the next 25 years, our population will not likely catch either California or Texas, but the gap will definitely be narrowed.
Right now, Florida has an average of more than 800 people moving to the state on a daily basis. The pace is expected to accelerate in the next two decades. Demographic projections have suggested that somewhere between 15-30% of all “Baby Boomers” will end up retiring in Florida. There are 74.6 million “Baby Boomers”, so if 30% move to Florida, that alone will almost double our population. For the next two to three decades, Florida will be the best construction market in the country, possibly the world.