2011 was Year of the Apartment, statistics show
By Doug Sword via The Herald Tribune
Published: Thursday, October 4, 2012 at 4:13 p.m.
There is mounting evidence that 2011 was the Year of the Apartment in Southwest Florida.
In the wake of the economic downturn, the number of households in the area shrunk, as young adults moved back home and more people moved in with roommates.
Households shrunk by 5,000 in Sarasota County and 2,000 in Manatee County from 2007 to 2010.
But that trend turned with a vengeance last year, with households jumping from 163,000 to 173,000 in Sarasota County and from 126,000 to 134,000 in Manatee County, and apartment vacancies shrunk, a Herald-Tribune analysis of U.S. Census data shows.
To be sure, there is wiggle room in those numbers showing a collective 18,000 new households. The Census, for example, surveys roughly one out of every 65 households in Sarasota County each year. But even assuming the biggest range for the margin of error in the survey, the county’s households grew by at least 1,400 last year and may have grown by even more than the Census’ 10,000 estimate.
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