Title Expert Talks: Builders Meeting Millennial’s Housing Needs

Title Expert Talks: Builders Meeting Millennial’s Housing Needs


Do you know much about the Florida builders? Are they keeping up with demand for inventory? And the different needs of.. various homebuyers? Like millennials- I know, they tend to prefer walkability.. They’ll sacrifice space for location, How do you think Florida is catering to those demands, and some of those different homebuyers? Yeah so- land. They aren’t making anymore of it. That’s always a big challenge for new home builders. You know, finding enough usable land to create the communities they are looking to develop. And so, obviously in downtown areas where places that you mentioned- are walkable. Walkability- That gets drastically complicated. So we’re seeing some town homes and some pocket boutique communities pop up. But then you kind of run into affordability. You know, that’s probably our biggest challenge at the moment is affordability. But your absolutely right, what we’re seeing on our end are millennials do tend to like newly built homes. As opposed to buying homes in the secondary market. For exactly, the reasons you mentioned: they’re looking for something a little more You know um- from a containment perspective you know, they are looking for something that is a heck of a lot more efficient. Than maybe the designs of ten, fifteen years ago. And they’re also looking for more ecofriendly homes, solar panels.. you know, just other- building with alternative materials. That maybe the homes that were built in years past didn’t take advantage of. So we are definitely seeing some movement on the millennial side side- side of buying? But it tends to go towards newly constructed homes and even secondarily we’re seeing where builders are catering to the millennials as well. (They’re) Building complete communities To your point, kinda self-contained communities of walkability..things of that nature. All geared around the things that millennials are looking for. So I definitely see it expanding in the future; We just- here in Florida like I said, it gets a little difficult with land, where that land’s available. Commutes, things of that nature. But there’s definitely a big push, and the builders that we deal with are definitely seeing some movement, but again it’s a difficult proposition the purchase of land and finding the right location.

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