Florida Top Three Regions for New Home Construction – March 2019

An HBW Report on new residential construction permits in Florida for the month of March 2019

Based on the latest HBW reports on new home construction, approximately 5,000 new residential construction permits were added to the HBW database last month for the State of Florida.  Out of the five major regions reviewed (Tampa, Jacksonville, Orlando, Southeast, Southwest), Tampa ranked #1 for total new permits on file (1,324 permits), and the Orlando and the southwestern region weren’t far behind.  Here is a look at the top three Florida regions holding the highest concentration of new residential construction last month:

Tampa

As previously mentioned, Tampa ranked #1 for new home construction in Florida last month as there were approximately 1,324 housing starts with a total construction value in excess of $382.5 million.  The average value of new construction was $288,926, and more than half of all new permits originated from Hillsborough County (412 permits) and Pasco County (366 permits).

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

Builder Total Permits
Lennar Homes 239
D.R. Horton 100
The Villages of Lake Sumter 95
Pulte Homes 79
M/I Homes 59

 

Southwest Florida

Southwest Florida ranked a close second for new residential construction.  Last month, there were approximately 1,135 new permits with a total construction value of nearly $289.5 million added to the HBW database.  The average construction value was on the lower end of the spectrum (average value: $255,135), and the county that held the highest concentration of new permits for the month was Lee County (346 permits).

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

Builder Total Permits
Lennar Homes 210
Pulte Homes 137
D.R. Horton 80
Neal Communities of SW FL 59
Maronda Homes 30

 

Orlando

The average value of construction in Orlando appears to be on the rise, along with housing starts.  Last month, there were nearly 1,035 housing starts with a total construction value of approximately $318 million.  The average value of new residential construction was nearly $308k, and the greatest concentration of new construction activity could be found in Orange County (396 permits).

Out of the 155 active home builders on file last month, the following ranked as the top five for total new permits added to the HBW database:

Builder Total Permits
Lennar Homes 224
D.R. Horton 138
Minto Builders 56
Meritage Homes 39
M/I Homes 39

 

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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