Census details North Port housing excess [South Florida]
Only five cities in the nation built housing at a faster rate than North Port since 2005, according to new U.S. Census data showing just how overheated the city’s housing boom was.
In fact, North Port added more housing in the past eight years than in the 40 after its inception in 1959.
North Port’s fevered participation in the building boom means it will take Sarasota County’s largest municipality longer to recover from the recession than other areas.
University of Central Florida economic expert Sean Snaith calls places like North Port “pockets of pain around the state,” because of their heavy dependence on the building and real estate industries.