April Industry Trends

April Industry Trends

The Florida housing market has been on a rollercoaster ride for the past few years, and it seems that the trend is continuing this year as well. Here are the top trends to keep an eye on in the Florida real estate market:



      • Housing Inventory Remains Low: The housing inventory in Florida has been low for a while now, and it remains low as of April 2023. This means that there are fewer homes for sale, which has resulted in a rise in home prices. In some areas, the inventory is so low that buyers are having a hard time finding a suitable home. This has led to a surge in new construction in some areas to meet the demand for housing.
      • Home Prices Continue to Rise: As mentioned earlier, the low inventory has resulted in a rise in home prices. This trend is expected to continue as demand remains high, and the supply remains low. According to Zillow, the median home value in Florida is $330,000 as of April 2023, which is a 5.4% increase from the previous year.
      • Rent Prices Also Increasing: Not only are home prices increasing, but rent prices are also on the rise. According to RentCafe, the average rent in Florida has increased by 3.6% in the past year, with the average rent for a one-bedroom apartment at $1,488 per month.
      • Luxury Real Estate Market Remains Strong: The luxury real estate market in Florida continues to remain strong, with high-end properties selling at record prices. The demand for luxury homes has been increasing, and this trend is expected to continue. The pandemic has played a role in this trend, with more wealthy individuals seeking larger, more luxurious homes to accommodate remote work and distance learning.
      • Coastal Cities Remain Popular: Florida’s coastal cities, such as Miami, Tampa, and Naples, continue to be popular among homebuyers and investors. The demand for beachfront properties remains high, driving up home prices in these areas.

    Overall the Florida real estate market is experiencing a combination of highs and lows in April 2023. The low housing inventory and high demand are driving up home prices, while the luxury real estate market remains strong. If you are a buyer, you may have to be patient and act quickly when you find a suitable home. For sellers, it is an excellent time to sell your home, as the demand for housing remains high.

    At JNS Homes, we pride ourselves on providing our clients with excellent building expertise, new construction services, one year builder’s warranty, and choosing locations to build outside of HOA, while still maintaining competitive pricing. Reach out to us if you would like to chat about your vision for a new home!




After an unpredictable year, the housing market is starting to look to 2023 and scope out the trends for next year’s sector.

JNS Homes founder and CEO Nick Zoumas recently shared his thoughts in the Multi-Housing News article “Single-family Rental Market Trends to Watch in 2023.”

As a leading developer of single-family rental homes, JNS Homes has seen first-hand how the shifting real estate market has impacted this industry sector.

As mentioned in the MHN article:

“Lender capital offering for the [single-family rental/build-to-rent] sector is dwindling, affected by the Fed’s repeated actions to halt inflation. Banks have broadly and significantly pulled back their lending and, although there are still options for both construction financing and stabilized financing, these are more expensive, with both rates and spreads blown out.”

Nick calls 2022 “a year of dichotomy for the SFR/BTR sector.” While there have been ample opportunities thanks to strong consumer demand, rising interest rates and construction costs have slowed the momentum to develop more rental housing.

But, despite those challenges, more home buyers will remain locked out of the market, driving more demand for rental. This especially includes Millennials and Gen Z’ers, who are reaching a point in their lives where they need more space but are frequently boxed out of the purchasing market.

“Moreover, with housing affordability being stymied by higher rates, the renter pool will only increase further, buoying demand,” Nick said.

As we look to 2023, the Fed’s efforts to tamp down inflation will result in higher interest rates for several months, pushing more potential homeowners to rent. As this happens, inventory will need to meet demand.

JNS Homes is at the forefront of build-to-rent developments, working closely with institutional investors to help them grow their real estate portfolios and capitalize on this fast-growing asset class. Our high-quality construction and strategic engineering expertise have positioned us as a trusted resource in the single-family rental market.

While the housing market remains in flux, one thing is for sure, according to MHN sources — construction in 2023 will be much cheaper than in 2022, while rents will continue to rise. This presents a unique window of opportunity for those looking to break into the single-family rental or build-to-rent industries.

As the traditional persona of renters changes, JNS Homes is taking into account the amenities and needs of the new class of renters. From office spaces to more outdoor features, we’re building homes that are attractive single-family rentals and build-to-rent communities for today’s modern renters.

Interested in learning more? Check out our development projects and current projects. If you’re a contractor looking to partner with JNS Homes, you can submit a form on our Subcontractors page to be considered.

JNS founder, Nick Zoumas, joins forces with industry leaders to create new investment group, Shoreham Capital

JNS founder, Nick Zoumas, joins forces with industry leaders to create new investment group, Shoreham Capital

Shoreham Capital was founded by Nick Zoumas, Doug Faron, and Steve Figari in August 2022, bringing five decades of real estate expertise together under one roof. The Florida-based real estate investment firm is focused on value-added investment opportunities in the multi-family home space, rental developments, adaptive reuse projects, and single-family rentals.

With its headquarters in West Palm Beach, the firm is looking to grow its real estate portfolio across the Sunbelt and East Coast.

Relationships are core to Nick’s business, both with JNS Homes and Shoreham Capital. JNS has quickly emerged as one of the country’s fastest-growing real estate developers, with a name synonymous with integrity, excellence, and design innovation. Today, JNS Homes has over 50 team members with projects in New York and Florida.

Similarly, Shoreham Capital is an exciting collaboration between Nick, Doug, and Steve — who value the partnership and knowledge they bring to the table. Doug was previously at CIM for nine years before Shoreham Capital, and Steve was CEO of Slate Property Group.

The trio is already starting to finalize deals and work on projects. Shoreham Capital closed its first deal in partnership with Bridge Investment Group and Wynkoop Financial. The 26-acre development site in Cape Coral will house a $120M Class A apartment project called Siesta Lakes.

Siesta Lakes feature 412 apartments with one, two, and three-bedroom floorplans. On-site, added amenities will include a gym, pool, dog park, business center, and a pickleball court. The community is centrally located off Pine Island Road, and local beaches like Sanibel Island, Captiva, and Barefoot Beach are just a short drive away.

“Siesta Lakes is the perfect example of the type of high-value, strong-investment projects we want to focus on,” Nick said. “We’re excited about capitalizing on the growth potential in this Southwest Florida market which has been central to much of the recent housing shifts.”

In addition to the Siesta Lakes project, Shoreham Capital has six other projects totaling 1,000 units, most of which are located in Florida.

Under Nick’s leadership, JNS Homes has completed over $1 Billion in developments across Florida and New York. With more expansion to come, JNS is looking forward to partnering with the newly formed Shoreham Capital team.

You can read more about Shoreham’s latest ventures in articles here and here. If you’re interested in connecting with JNS, reach out on our contact page!

Industry Vets from CIM and Slate Launch Shoreham Capital

Shoreham Capital Acquires Cape Coral Site for $120M Residential Project – Connect CRE