A review of permit data for new residential construction in Florida during the month of October 2020
Based on the latest HBW construction data reports, there were approximately 7,275 housing starts with a total construction value of nearly $1.96 billion in the Sunshine State last month. Out of the five major Florida regions reviewed (Tampa, Southwest, Southeast, Orlando, Jacksonville), the greatest amount of new home construction could be found in Tampa (2,005 permits), while the highest average value of new home construction took place in the Orlando area (average value: $322,992).
Here is a closer look at the total permits, construction values and leading counties with the greatest amount of new residential construction activity during the month of October 2020:
Tampa
As previously mentioned, Tampa carried the greatest volume of housing starts last month, having 2,005 new residential construction permits with a total value of nearly $560 million on record with HBW. The average value of new home construction landed mid-range in the Tampa area (average value: $279,058) in relation to other Florida regions reviewed, and well more than half of all new permits originated from the counties of Polk (737 permits) and Pasco (541 permits).
Southwest
The southwestern region of Florida ranked #2 for new home construction, having 1,675 new permits with a total construction value in excess of $395 million on record with HBW last month. The average value of housing starts was $236,007, and the county with the greatest concentration of new home construction activity was Lee County (622 permits).
Orlando
Last month, there were approximately 1,500 housing starts with a total construction value in excess of $483.5 million in the Orlando area. The average value of new home construction was highest in Orlando (average value: $322,992) in comparison to other Florida regions, and nearly half of all new permits originated from the counties of Orange (405 permits) and Osceola (299 permits).
Jacksonville
In Jacksonville, there were approximately 1,265 housing starts with a total construction value of $284 million last month. The average value of new home construction was lowest in the Jacksonville area (average value: $224,717) in comparison to other Florida regions reviewed, and the majority of all new residential construction activity took place in the counties of St. Johns (447 permits) and Duval (440 permits).
Southeast
In the southeastern region of Florida, there were more than 830 housing starts with a total construction value in excess of $235 million during the month of October. The average value of new home construction was $283,075, and the bulk of all new residential construction permits on record originated from the two counties of St. Lucie (390 permits) and Palm Beach (205 permits).
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.