Panama City Beach, FL – The St. Joe Company announces additional homesite sales, new home builders and future planned phases at its workforce housing communities in Bay County, Florida. St. Joe broke ground on the single-family home communities of College Station, Titus Park and Park Place in 2019 in response to the housing shortage created by Hurricane Michael. Each of the communities began welcoming residents in 2020. Interest from potential home buyers and home builders remains high as the region sees an influx in new residents.
A recent study by The New York Times that examined where people are moving to in the United States found that the Panama City area ranked 8th out of 926 metro areas for the largest net in-migration percentage increase from 2019 to 2020. “We have been very encouraged by the response to these new communities from home builders and from home buyers,” said Bridget Precise, St. Joe’s Senior Vice President of Residential Real Estate. “People are discovering that Northwest Florida is a great place to live and work with its pleasant climate, favorable tax structure and high quality of life. We expect additional interest in these communities with the ongoing rebuilding of the nearby Tyndall Air Force Base.”
To date, St. Joe has developed and sold 239 homesites and currently has an additional 166 under contract in these three communities with local, regional and national home builders. To meet demand, development work began on a third phase of the College Station community. Additional phases are in the development or planning stages at the Titus Park and Park Place communities. New single-family homes are being built by D.R. Horton, Camben Homes, Truland Homes, Winterfell Construction and most recently, Adams Homes.
These communities are planned for multi-phase development with the potential for a total of nearly 2,000 homesites spanning more than 700 acres. St. Joe is in discussions with current and additional builders for future available homesites in each of these communities.
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