Older housing stock is keeping demolition activity elevated nationwide, with Florida accounting for the largest share of residential teardown permits, according to a National Association of Home Builders analysis of data from Construction Monitor.
Florida made up 14.6% of all U.S. demolition permits in 2025, more than any other state, underscoring how redevelopment is reshaping parts of the state’s housing market. The activity is largely tied to aging homes and continued population growth, which together are fueling demand for newer housing.
While demolition levels have leveled off after a surge in 2021 and 2022, they remain historically elevated – a sign that redevelopment will continue to play a key role in Florida’s housing pipeline.
Source: NAHB
Florida Insurance
Trends Shift
Toward Relief
Florida’s property and auto insurance markets are showing signs of stabilization following recent legal reforms, with premiums flattening or declining and more insurers entering the state.
Florida once accounted for more than 72% of the nation’s homeowners claim-related litigation in 2023, despite representing only 10% of U.S. homeowners claims.
As litigation eased, insurers expanded in the state. Eighteen new property insurers have entered the market, increasing competition and reducing reliance on Citizens Property Insurance Corp., the state-backed insurer of last resort.
Source: Florida Realtors
30-Year Fixed-Rate
Mortgage Averages 6.46%
The 30-year fixed-rate mortgage edged up, averaging 6.46% this week. With spring homebuying season in full swing, aspiring buyers should remember to shop around for the best mortgage rate, as they can potentially save thousands of dollars by getting multiple quotes.
The 30-year fixed-rate mortgage averaged 6.46% as of April 2, 2026, up from last week when it averaged 6.38%. A year ago at this time, the 30-year FRM averaged 6.64%.
The 15-year fixed-rate mortgage averaged 5.77%, up from last week when it averaged 5.75%. A year ago at this time, the 15-year FRM averaged 5.82%.
