Florida Top Builders Report – April 2017

Out of the nearly 4,900 housing starts in Florida during the month of April, D.R. Horton was #1 in three out of five regions.

FL New Resid. Construction Permits – April 2017

From Jacksonville, Tampa, Orlando and the southeast and southwest portions of the Sunshine State, there were just about 4,900 housing starts and more than $1.3B in construction value in April.  New residential construction has been holding somewhat steady over the last couple of months, with slight fluctuations in each major region.  Tampa, Jacksonville, Orlando and the southwest each saw small month-over-month increases in residential construction activity, while the southeast held steady and on track with the previous month.

When looking at the average value of construction, the southeast reclaimed its top spot with the highest average value out of five regions at $311,815.  Orlando dropped to second highest since March with an average value of $295,966, and the southwest region bumped up one spot to third highest with an average value of $272,273.

FL Average Value of New Resid. Construction – April 2017

Now for the good part (cue the drum roll)… The top builders who have the most housing starts on file in Florida for April are as follows:

Tampa

In April, Tampa had 1,236 housing starts and approximately $317.5M in total construction value.  While Hillsborough County had the most new permits for the month with more than 400 housing starts and $134M in total value, the counties of Polk and Pasco were active with more than 300 starts in each area.

D.R. Horton took top spot in Tampa as it had nearly 150 new residential construction permits on file for the one-month period.  The top three builders for total housing starts in April are as follows:

#1 – D.R. Horton

#2 – Lennar Homes

#3 – Standard Pacific Homes

Southwest Florida

Out of the 1,150 housing starts and more than $313M in construction in the southwest region, more than half of all new residential permits during April took place in the counties of Lee (301 permits) and Collier (275 permits).  Lennar Homes led for total starts as the home builder had 128 new permits on file, with nearly half of all new construction taking place in Sarasota County.  The top three builders in the southwest for the month are as follows:

#1 – Lennar Homes

#2 – Pulte Homes

#3 – Taylor Morrison

Orlando

The central Orlando area was ahead of March with 1,055 housing starts and more than $312M in new construction. The larger county of Orange held nearly half of all Central Florida housing starts with 466 new permits on file with HBW.  D.R. Horton had a healthy lead in new home construction with 131 starts for the one-month period.  The top three builders for the month are as follows:

#1 – D.R. Horton

#2 – Lennar Homes

#3 – Pulte Homes

Jacksonville

Jacksonville was slightly ahead of March with 824 housing starts and approximately $198M in construction value.  The highest concentration of new residential construction took place in St. Johns (312 permits) and Duval (257 permits) counties.  Just as in Orlando, D.R. Horton reigned supreme and had a sizeable lead over other local builders with 161 housing starts for the month.  The top three home builders for total new permits in April are as follows:

#1 – D.R. Horton

#2 – Lennar Homes

#3 – KB Homes

Southeast Florida

While the value of residential construction in Southeast Florida is always on a high in comparison to rest of the state, the region had the least housing starts on file for the month of April.  With 633 housing starts and more than $197M in construction value, the southeast remained at the #5 spot for the month.  The counties holding the majority of new residential construction include St. Lucie, Palm Beach and Miami-Dade, as each area had just about 170 housing starts for the month.  Top builders for total new residential permitting activity are as follows:

#1 – Lennar Homes

#2 – D.R. Horton

#3 – GL Homes

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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