Florida's Housing Shortagey describes a 121,000-Unit Gap in Owner-Occupied and Rental Properties

Housing inventory in high-demand markets is facing price pressure. This is the result of a combination of 66,000 missing owner-occupied homes and 55,000 rental units across Florida. A statewide housing supply model developed by Florida State University’s DeVoe L. Moore Institute, in partnership with the Reason Foundation and the Florida Policy Project, analyzed housing surpluses and shortages across all 67 counties. The most severe shortages are concentrated in Miami-Dade, Fort Lauderdale, and Tampa. Miami-Dade County has the highest estimated shortage in Florida at just over 12,700 units. Broward County follows with 10,233 units, and Hillsborough County has 8,360 units. Duval County is short 6,941 units. Researchers point to limiting factors in new construction that have restricted housing inventory.