How many more Villages?
 

How many more Villages are there going to be? Anybody know?

I'd guess that there will be about 15,000 more homes to the infamous "buildout"... not sure how many homes are in a Village but I'm sure someone else knows. There are massive expanses of land south of 466A to be developed. The economy has slowed the pace somewhat... however there continues to be an unbelievable amount of home building going on.

More
 

More like 35000 more homes...... Currently 40000 homes and about 60 villages.. You can do the math

By the numbers
 

SOURCE DAILY SUN RATE PAGE

THE MARKET - WHY
BY THE NUMBERS...
23,000 Total acres of land contained within The Villages

75,000 Current population of The Villages

102,119 Projected population of The Villages by the year 2012

20 Average number of people who move into The Villages every day

50 Percentage of people moving into The Villages who
will pay cash for their home.

62/60 Average homebuyer’s age for men and women,
respectively

44,448 Average household income (in dollars) for the state
of Florida

93,800 Average household income (in dollars) for home
buyers in The Villages

92 Percentage of Villagers who read The Daily Sun
seven days a week

97 Percentage of Villagers who read The Daily Sun at
least two days per week

2 million Rounds of golf played per year by Villagers

198 million Dollars that Villagers will spend annually


:crap2:

35 thousand more homes would be close to 70 thousand more people... Are you sure about that number?

Gray - Using your own numbers that you provided in the preceding notice from the Daily Sun the math is:

Current pop: 75,000 Number of current homes 40,000 = 1.875 people per house.

Buildout pop: 102,119 - current pop 75,000 = 27,119 more to go. Divide by the 1.875 people per house = 14,463 more homes.

So rounding off to 15,000 more homes seems about right. Wouldn't you agree?

15,000 homes divided by 7 closings per day (latest I read) = 5 years and 8 months to buildout.

Some of the Villages only seem to have a few houses, others many.
 

The number of houses per Village seems to vary a great deal too. That probably depends on the lakes, non-Villages property, and other sections in this area that prevent the Villages from throwing up more homes.

Winifred seems to be one of the Villages with the most houses if I remember correctly?

If the 40,000 households spend their $93,800 every year it would be $3.752 Billion Spent.


.

Estimate
 

27 35 still a lot of new homes to go

Russ,

Great job of predicting buildout! I hadn't really put a date on it, just figured sometime around 2012 based on what I'd heard here.

5-6 years works into my plan very nicely.:) How's it work for yours?

Dirigo

If it takes me 5 y 8 m I think I'll just shoot myself:laugh:

2011 is the current bet.

And if they only close 5 days a week; 8 years and 3 months


.

and if they only close 2 per day for 5 day weeks with all the holidays then it's 12 y 6 m

OK that's very fuzzy math.:laugh:

R & D -

From the TV website...

"Family owned and operated for over forty years, The Villages is currently home to approximately 75,000 residents with a projected build out of more than 107,000 by 2014. Over 12,000 people work directly for The Villages, or for businesses in the sprawling community, which has its own newspaper, radio station and television station. Residents living in The Villages have an average income that is almost double the U.S. average and are dedicated to supporting business and community growth."

To get to this go to www.thevillages.com - then scroll to the bottom, click contact us in the lower right-hand corner then click the second to last selection on the left "The Villages Commercial Property."

There is a lot of great info on demographics, etc etc.

Kate

I seriously doubt if 40,000 households have a 93,800 Average household income (in dollars).

If you figure me in, you only have 39,999 households and I am sure there are many, many more with much less income than that. I believe that in another post that fictitious number includes the income of those who have not yet retired but plan on moving to the Villages. They are using their current income.