Florida Housing, Hidden Assets, and Free Cash Flow

Is Manufactured Housing The Answer To Florida's Housing Affordability?

Florida is experiencing a long-term population boom that has set the State’s housing market on fire. Median home prices are expected to rise by 3.6% in 2025 and maybe higher. Despite these rising prices, the number of homes sold in Florida has been dropping this year as Floridians struggle with higher interest rates, home prices, and the State’s skyrocketing cost of home insurance.

A series of increasingly catastrophic hurricanes continue to hit Florida year after year. The cost of replacing the homes destroyed by the winds and flooding that these hurricanes produce continues to rise, as does the insurance costs associated with covering these homes. In fact Florida’s home insurance has been labeled a crisis by many media outlets.

The most significant cost increases related to insurance have been heavily centered around coastal areas where the effects of hurricanes are the worst. This has led many Floridians to forego having insurance on their homes or to insure their homes with coverage that, in the event of a hurricane, would not replace the total cost of rebuilding their house. When adding these increased insurance costs to the other problems that the rest of the country faces when trying to buy a home like high interest rates and rising home values, it should be no surprise that some people are being priced out of the area in which they live. The company I am going to talk about today makes low priced manufactured housing, usually farther inland and away from the costal areas most effected by these price increases. I believe that offering the lowest price for a house possible in a state that badly needs affordable housing should be a real win.