Apollo Beach, Florida -- Work is now resuming on a master-planned community in Apollo Beach that could include 38-hundred homes within the next 10 years.
Developers for Waterset had put the community on hold about six years ago, after the housing bubble burst. But Alex McLeod, Vice President of Operations for Newland, says they now feel good about the economy.
"We've seen a change in the market," McLeod told 10 News.
Waterset, which is located west of I-75 off Big Bend Road will be built in phases with a little more than 200 homes being built first. McLeod says the first residents of Waterset will be able to move in by the end of the year.
Homes will range in price from $150,000 to $300,000, with the larger homes topping out around 3,000 square feet.
Officials note there is room at Waterset to eventually built 6,700 homes in the community.
But Waterset is not the only place where new home construction is picking up. Dozens of new homes are going up in the Westshore Yacht Club in Tampa while builders in Grand Hampton in New Tampa remain busy while to the south in Lakewood Ranch several mega mansions are now under construction.
"We were building a lot of these (mansions) six, seven years ago and then they pretty much died off when the recession hit. But now we have five homes going in this year that are more than 10,000 feet or more," said Lakewood Ranch spokesperson Candice McElyea.
Collectively these projects support a report last month by Metrostudy, a national housing data and consulting firm, that suggests Tampa will see an increase in housing activity this year.