Florida Home Builder Success: Expansion Planned

Earlier today, home builder Morrison Homes reported closing on sales of 582 new homes in 14 Orlando housing market communities last year.

Morrison Homes’ Orlando division expects to complete sales in four communities this year and says it will open another seven. Developments expected to close out this year are Ashton Park in Ocoee, Warwick at Vista Lakes in east Orlando, Greystone in Sanford and The Landings at Parkstone in Winter Springs.

It’s all a sign that Florida mortgage loan demand is returning to the region.

The home builder also plans to build homes in 17 communities in 2007, in part expanding “aggressively” into Volusia County, says Katie Millikan, marketing manager, in a prepared statement.

One Volusia County development is scheduled to open early this summer, while presales recently began in two others, she says.