HBW Report: Florida New Residential Construction – June 2017

FL Residential Construction Permits – June 2017

Out of the nearly 5,000 housing starts in Florida last month, Orlando jumped one spot since May to lead the state for total new permits on file with HBW.  Out of the hundreds of active builders last month, D.R. Horton and Lennar Homes were leading builders in the five major regions reviewed (Orlando, Tampa, Jacksonville, SW, SE).  From top builders to top counties, here is the latest review of new construction in the Sunshine State during the month of June:

Orlando

Out of the 160 active builders in the Orlando area last month, there were more than 1,300 housing starts with a total construction value of nearly $380M.  Close to half of all new residential construction activity took place in Orange County (633 permits), where the average value of new construction was 17% higher ($339.5M) than the average for the Central Florida area.  The breakdown for new home construction for the month is as follows:

Total Housing Starts: 1,311

Average Value of Construction: $289,195

Top County for Total Permits: Orange County (633 permits)

Top Builders for Total Permits: D.R. Horton (137 permits); Lennar Homes (108 permits); KB Homes (68 permits)

Tampa

There were more than 180 active builders on file with HBW in the Tampa area last month.  Out of the more than 1,150 housing starts and ~$304M in value, new construction was highest in the larger County of Hillsborough (438 permits) where the average value of construction was approximately 17% higher than new construction across Tampa for the one-month period.  Here is a breakdown of housing starts in June:

Total Housing Starts: 1,158

Average Value of Construction: $262,529

Top County for Total Permits: Hillsborough County (438 permits)

Top Builders for Total Permits: D.R. Horton (135 permits); Lennar Homes (119 permits); MI Homes (62 permits)

Southwest Florida

The southwest region ranked third for total new residential construction permits for the month of June.  Approximately 200 home builders were active in the area last month having close to 1,100 housing starts and $278M in total construction value on file with HBW.  Higher concentrations of new construction could be found in Lee County where there were more than 380 housing starts that carried an average value 15% lower than the average across the region.  While Lennar Homes had the most new residential permits on file for the month, D.R. Horton was a close second for total starts having 125 new permits pulled for the one-month period.

Total Housing Starts: 1,088

Average Value of Construction: $255,576

Top County for Total Permits: Lee County (381 permits)

Top Builders for Total Permits: Lennar Homes (136 permits); D.R. Horton (125 permits); Taylor Morrison (70 permits)

Jacksonville

From the more than 125 active builders in the Jacksonville area last month, there were 840 new residential permits with total value in excess of $203M on file with HBW.  Just about 75% of all new construction took place in the counties of St. Johns and Duval, two areas that have consistently been leading for new residential construction this year.  Here is a closer look at housing starts in the area last month:

Total Housing Starts: 840

Average Value of Construction: $241,727

Top County for Total Permits: St. Johns County (318 permits)

Top Builders for Total Permits: D.R. Horton (135 permits); Dream Finders Construction (72 permits); Lennar Homes (62 permits)

Southeast Florida

While the total for new residential construction permits was lowest in the southeast region, the average value of construction was just above Orlando at more than $290k.  Out of the 150 active home builders for the month, Lennar Homes pushed out on top for total housing starts.  From a county perspective, new residential construction activity was highest in Miami-Dade and Palm Beach Counties.  Here’s a closer look at new home building activity in June:

Total Housing Starts: 585

Average Value of Construction: $290,572

Top County for Total Permits: Miami-Dade County (156 permits)

Top Builders for Total Permits: Lennar Homes (89 permits); D.R. Horton (81 permits); Kolter Signature Homes (61 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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