Florida Residential Construction Update – October 2017

In Florida, permit data for more than 5,800 housing starts were added to HBW’s database last month.  Out of the five major regions (Orlando, Tampa, SW, SE and Jacksonville) reviewed, Orlando ranked #1 and highest for total housing starts (1,470 permits) and average value ($306,279) of construction.  Out of the hundreds of active builders for the one-month period, D.R. Horton ranked top for total permits in Orlando and Jacksonville, and Lennar Homes had the greatest amount of starts in Tampa, and the southern portion of the state.  Here is a closer look at Florida’s new residential construction activity by area:

FL Residential Permits by Area – October 2017

Orlando

Total Permits: 1,470 (ranked #1 for total housing starts in October)

Total Construction Value: ~$450M

Average Value of Construction: $306,279 (ranked #1 for highest average value)

Top Counties for Total Permits: Orange (641 housing starts); Volusia (260 housing starts)

Top Builders for Total Permits: D.R. Horton (209 Permits); Meritage Homes (111 Permits); Lennar Homes (110 Permits)

Tampa

Total Permits: 1,353

Total Construction Value: ~$362M

Average Value of Construction: $267,406

Top Counties for Total Permits: Hillsborough (472 housing starts); Polk (374 housing starts)

Top Builders for Total Permits: Lennar Homes (172 Permits); D.R. Horton (165 Permits); The Villages of Lake Sumter (102 Permits)

Southwest Florida

Total Permits: 1,328

Total Construction Value: $341M+

Average Value of Construction: $257,143

Top Counties for Total Permits: Lee (501 housing starts); Collier (267 housing starts)

Top Builders for Total Permits: Lennar Homes (167 Permits); D.R. Horton (131 Permits); Pulte Homes (125 Permits)

Jacksonville

Total Permits: 1,000

Total Construction Value: $240M+

Average Value of Construction: $240,351

Top Counties for Total Permits: St. Johns (416 housing starts); Duval (308 housing starts)

Top Builders for Total Permits:  D.R. Horton (208 Permits); Lennar Homes (61 Permits); KB Homes (48 Permits)

Southeast Florida

Total Permits: 671

Total Construction Value: ~$200M

Average Value of Construction: $296,605

Top Counties for Total Permits: Miami-Dade (235 housing starts); St. Lucie (205 housing starts)

Top Builders for Total Permits: Lennar Homes (98 Permits); D.R. Horton (78 Permits); GL Building Corp. (51 Permits)

Information utilized for the graphs and above listed figures for Florida residential construction was directly derived from HBW 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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