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Originally Posted by pauld315
Does anybody have a running total of new residences that can be built with all the new land purchases so far? Previously, I think it was around 26,000. Today's paper said this new purchase gives them room for 22,000. Are they up to 48,000 new homes being planned ? If so, that will just about double the current population, which is estimated to be about 117,000. Is this correct ? Are we looking at the possibility of almost 100,000 new residents (2 per household)
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If they were to sell 48,000 new homes at the rate sold in the past three years, it’s going to take around 20 years. Increasing the sales rate by 50% would reduce the years to 15. However, as the Villages grow so does the number of preowned sales which eats into the new home sales number. Last year, the number of preowned home sales was larger than new for the Villages sales force.
As Village growth plans are usually not foretold for the next 10 or more years, I am a bit surprised by all of these land purchase announcements. Maybe we will all be surprised by a different community to be built on some of these lands?