Florida Residential Construction Review – May 2019

A review of the latest residential construction permit data on file with HBW for Florida during the month of May 2019

In Florida, there were more than 5,410 new residential construction permits added to the HBW database for the month of May.  Out of the five major regions reviewed (Tampa, Southwest, Orlando, Jacksonville, Southeast), Tampa held the greatest total number of housing starts (1,520 permits), while the Southeast continued to hold the highest average value of new construction (average value: $328,606).

Out of the hundreds active home builders with permits on record for the one-month period, D.R. Horton and Lennar Homes continued to lead and hold higher levels of new construction activity statewide.  Here is a closer look at the construction permit data and leading builders by region:

Tampa

Tampa ranked #1 for housing starts last month having approximately 1,520 new residential construction permits with a total value of nearly $452 million on file with HBW.  The average value of new construction was $297,685, and the majority of all new permits originated from two counties: Hillsborough (517 permits) and Polk (414 permits).

Out of the 230 home builders with permits in the area last month, the following ranked as the top three for total new permits on file with HBW:

#1 – Lennar Homes
#2 – The Villages of Lake Sumter
#3 – D.R. Horton

 

Southwest Florida

Southwest Florida ranked second highest for housing starts last month, having 1,145 new permits with a total construction value of nearly $297 million on record.  The average value of construction was moderate in comparison to other areas reviewed (average value: $259,279), and the counties that carried the bulk of new residential construction activity included: Lee County (284 permits); Manatee County (272 permits); Sarasota County (256 permits).

Out of the 225 active home builders listed in the area last month, the following ranked as the top three for total new permits on file with HBW:

#1 – Lennar Homes
#2 – Pulte Homes
#3 – D.R. Horton

 

Orlando

In the Orlando area, there were more than 1,060 housing starts with a total construction value of $321.5 million last month.  The average value of construction landed on the higher end of the spectrum (average value: $302,732), and more than half of all new permits originated from Orange County (320 permits) and Volusia County (253 permits).

Out of the 180 home builders with permits on file last month, the following ranked as the top three for total new permits:

#1 – Lennar Homes
#2 – D.R. Horton
#3 – Meritage Homes

 

Jacksonville

Last month, there were approximately 1,000 housing starts with a total construction value of $224 million in the Jacksonville area.  The average value of new construction was $223,716, and nearly half of all new permits originated from the County of Duval (415 permits).

Out of the 135 active builders with permits on file in the area last month, the following ranked as the top three for total new permits:

#1 – D.R. Horton
#2 – Lennar Homes
#3 – Dream Finders Home

 

Southeast Florida

While the total number of housing starts in Southeast Florida was lower than other regions reviewed (688 permits, total construction value: $228M), the area continues to hold the highest average value of construction (average value: $328,606). The counties with the highest concentration of housing starts included St. Lucie (276 permits) and Palm Beach (169 permits).

Out of the 185+ active home builders on file for the month, the following ranked as the top three for total new permits:

#1 – GL Building Corp.
#2 – D.R. Horton
#3 – GL Homes

 

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

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