As is the case in most markets across the country, the health of Orlando’s economy is often indicated by the status of upcoming construction projects, as well as the housing market on a whole. Thus, the influx of upcoming residential construction projects in Central Florida signal that we have entered an era of improvement. By the end of 2016, homebuilders in the Central Florida region plan to introduce at least 1,700 new houses to the market.

If you’re already a homeowner, you may be wondering why and how new home construction impacts you. In many ways, residential construction has massive economic impacts on a region, fueling the need for additional related projects. New construction brings with it the opportunity for an expanded job market, not only for construction workers themselves, but also for expanded warehouse and distribution workers. Additionally, an increased number of single and multi-family homes paves the way for new retail and commercial developments.

Among these projects, large names within the construction industry, including Toll Brothers and Taylor Morrison, have already broken ground on single- and multi-family home communities with plans to include additional phases at later dates. Habitat for Humanity has also broken ground on an $8 million affordable home project in West Orlando. Altogether, these projects span a wide variety of homeowners and create opportunities across the board.

It is extremely important for your Central Florida closing agent to stay up to date on the latest news about the region’s housing market to help you make educated decisions in your homebuying and selling plans. The experts at RECS of Florida have the tools and expertise you need to make all of your real estate dreams come true. To learn more about what we can do for you, browse our website, or call us at (407) 615-8550 today.