HBWeekly

Texas Residential Construction Review – July 2021

Posted on August 13, 2021 by Erika Carruth

A monthly overview of new home construction in the Lone Star State during the month of July 2021

According to Census data released earlier this year, Texas continues to lead the United States in raw population growth. The U.S. Census Bureau reported that the Lone Star State had 373,965 more residents in 2020 than in 2019, a bigger increase in raw numbers than in any other state. Additionally, in a more recent update to the Census Report, it was noted that Texas had the largest numeric growth in housing units with 1,611,888. (source: Census.gov)

For this reason, it should come as no surprise that HBW’s construction data reports have reflected major gains in housing starts throughout Texas since the start of this year. And more recently, the monthly residential construction reports for July reflect a 2 percent month-over-month increase in new home construction across the four major metro areas of Texas (Houston, Dallas, Austin, San Antonio), resulting in more than 7,830 new residential construction permits being added to the HBW database.

Here is a closer look at the total permits, leading counties and average value of housing starts in Texas during the month of July:

Houston

Houston ranked #1 for housing starts last month, having approximately 3,510 new residential construction permits with a total value of $846.5 million on record with HBW. The average value of new home construction was $241,236, and just about 75 percent of all new construction activity took place in the counties of Harris and Montgomery where there were 1,573 and 991 new permits respectively.

Dallas

In Dallas, there were approximately 2,535 housing starts with a total construction value of $695 million on record with HBW last month. The average value of new home construction landed on the higher end of the spectrum (average value: $274,149) in comparison to other Texas regions reviewed, and just over 60 percent of all new permits originated from the counties of Tarrant (820 permits) and Collin (712 permits).

Austin

Last month, there were nearly 960 housing starts with a total construction value of $269.5 million in the Austin area. The average value of new home construction was highest in Austin (average value: $281,333) in comparison to other Texas areas reviewed, and 83 percent of all new construction activity took place in the counties of Travis and Williamson where there were 447 and 352 new permits respectively.

San Antonio

In San Antonio, there were 830 housing starts with a total construction value of nearly $187 million last month. The average value of new home construction was lowest in San Antonio (average value: $225,057) in comparison to other Texas areas reviewed, and more than half of all new home construction activity took place in Bexar County where there were 440 housing starts during the one-month period.

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.

Florida Swimming Pool Construction Review: Q2-2021

Posted on August 11, 2021 by Erika Carruth

A review of permit data for new swimming pool construction in Florida from January through June of 2021

Since the start of this year, new swimming pool construction has been on the rise in Florida. From January through June there have been nearly 21,000 new swimming pool construction permits added to the HBW database, reflecting a massive 49 percent increase in comparison to the same period last year.

When reviewing HBW’s latest “Swimming Pool Construction Activity Trend Report”, total permits and corresponding data is collected and analyzed for six major regions statewide (Northeast, Northwest, Southeast, Southwest, West, Central), and so far this year, each region has exhibited improvement in the market with year-over-year increases ranging from 17 percent (Northwest) to a high of 70 percent (Southwest).

Out of the six regions reviewed, the greatest volume of new swimming pool construction permits could be found in Southwest Florida, where there were 6,543 pool starts on record with HBW for the six-month period; conversely, the lowest amount of new pool construction took place in the northwestern region of the state where there have been close to 1,800 pool starts through Q2.

Here is a breakdown of the latest permit data for new swimming pool construction in each of the six regions of the Sunshine State through the second quarter of this year:

Southwest

As previously noted, the southwestern region of Florida carried the greatest amount of new pool construction so far this year, having 6,453 new permits (thru Q2-2021) and reflecting a 70 percent year-over-year increase in new construction activity. Out of the five counties that make up the area, more than half of all new permits originated from Lee and Sarasota where there were 2,158 and 1,236 permits on record for the six-month period respectively.

Southeast

In the southeastern region of Florida, there were approximately 4,060 pool starts through the second quarter of this year, reflecting a 66 percent increase in comparison to the same period last year. Out of the seven counties that make up the area, more than half of all new pool construction took place in Palm Beach and Miami-Dade where there were 1,552 and 1,136 new permits on record (thru Q2) respectively.

West

Through the second quarter of this year there were nearly 3,400 pool starts in the western region of Florida, reflecting a 35 percent increase in new swimming pool construction in comparison to the same time last year. Out of the seven counties that make up the western region, the greatest concentration of new permits could be found in Pasco County (1,014 permits) where there has been a major 92 percent year-over-year surge in new swimming pool construction so far this year.

Central

In Central Florida, there were nearly 3,000 pool starts since the start of this year (thru Q2), reflecting a 31 percent year-over-year increase in new swimming pool construction. Out of the six counties that make up the central region of the state, Orange County carried the greatest volume of new swimming pool construction having 1,252 new permits on record and reflecting a 69 percent increase in permits in comparison to the same period last year.

Northeast

Since the start of this year (thru Q2), there have been 2,136 new swimming pool permits added to the HBW database for the northeastern region of Florida, reflecting a 47 percent increase in comparison to the same time last year. Out of the eight counties that make up the area, nearly 60 percent of all permits originated from the two counties of St. Johns and Duval where there were 824 and 414 new permits on record for the six-month period respectively.

Northwest

Out of the six Florida regions reviewed, the northwest (and bordering areas) experienced both the least amount of new pool construction and the lowest overall increase in new construction activity. Since the start of this year (thru Q2), there have been nearly 1,800 new swimming pool permits added to the HBW database for the northwest, reflecting a 17 percent year-over-year increase in new pool construction. Out of the 18 counties that are included in the regional report, more than 70 percent of all new permits originated from the four counites of Santa Rosa (380 permits), Baldwin (272 permits), Walton (217 permits), Bay (208 permits), Okaloosa (206 permits).

For 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.

HBW Quarterly: Florida Residential Construction Q2-2021

Posted on August 6, 2021 by Erika Carruth

A review of permit data for new home construction in Florida from January through June of 2021

Anyone who lives in Florida is aware of the surge in new residents. In fact, according to the Business Development Board of Palm Beach County, Florida’s population grew by 2.7 million over the past decade, and it is estimated that approximately 900 people are moving to Florida every day. With the increase in population comes the increase in demand for residential property, and the latest HBW reports reflect major growth in new home construction.

From January through June of this year, there has been a whopping 43 percent year-over-year increase in new residential construction throughout the Sunshine State, resulting in more than 65,250 new permits on record with HBW. From the six regions reviewed (Southwest, West, Central, Southeast, Northwest, Northeast), the greatest volume of housing starts could be found in the southwestern region of Florida (14,648 permits); the southwest also exhibited the most significant year-over-year gain in new home construction (+73 percent).

Here is a closer look at permit data for new home construction in Florida (by region) through the second quarter of this year:

Southwest Florida

As previously noted, the southwestern region of Florida carried the greatest amount of new residential construction permits (14,648 permits) through Q2, as well as demonstrated the highest increase in housing starts (+73 percent) in comparison to the same time last year. Out of the five counties that make up the southwest, more than half of all new home construction took place in Lee (4,623 permits) and Manatee (3,305 permits) with both areas reflecting year-over-year increases of 67 percent and 97 percent respectively.

West Florida

Not far behind the southwest, the western region of Florida ranked #2 for new home construction, having 14,034 housing starts through Q2, reflecting a 34 percent year-over-year increase in new residential construction. Out of the seven counties that make up the western region, just about 70 percent of all new permits originated from the two counties of Polk (4,939 permits) and Pasco (4,675 permits).

Northeast Florida

In the northeast, there have been 12,781 housing starts since the start of this year (thru Q2), reflecting a 64 percent increase in new home construction in comparison to the same period last year. Out of the eight counties that make up the area, approximately half of all new permits originated from the counties of St. Johns and Duval where there were 3,418 and 3,203 permits respectively for the six-month period.

Central Florida

Through the second quarter of this year, there have been 9,641 housing starts in Central Florida, reflecting a 33 percent increase in new home construction in comparison to the same period last year. Out of the six counties that make up the area, more than 50 percent of all new home construction took place in the two counties of Orange and Volusia where there were 2,856 and 2,081 new permits on record with HBW respectively.

Northwest Florida

Out of the six regions reviewed, the northwest is by far the most expansive, consisting of 16 Florida counties as well as 2 bordering counties in Alabama. Through the second quarter of this year, there have been 7,511 housing starts in the northwest, reflecting a 12 percent year-over-year increase in new home construction. Out of the 18 counties included in the report, more than 50 percent of all new permits originated from the counties of Baldwin, AL (1,646 permits), Bay, FL (1,126 permits) and Santa Rosa, FL (1,092 permits).

Southeast Florida

Through Q2-2021, there have been 6,638 housing starts in the southeastern region of Florida, reflecting a 35 percent increase in new home construction in comparison to the same time last year. Out of the seven counties that make up the area, nearly 70 percent of all new permits originated from the counties of St. Lucie and Palm Beach where there were 2,910 and 1,610 new permits on record with HBW respectively.

HBW Report: Florida Swimming Pool Construction – June 2021

Posted on August 4, 2021 by Erika Carruth

A review of permit data for new swimming pool construction in Florida during the month of June 2021

In Florida, there were 2,650 new swimming pool construction permits with a total value in excess of $144 million added to the HBW database during the month of June 2021; this reflects a 25 percent month-over-month decrease in new swimming pool construction statewide.

Upon review of the latest HBW construction data reports for the five major regions of Florida (Southwest, Tampa, Southeast, Orlando, Jacksonville), we found that the greatest volume of new pool construction took place in the southwestern portion of the state (1,048 permits), while the highest average value of new swimming pool construction could be found in Jacksonville (average value: $61,272).

Here is a closer look at the construction permit data by region for new swimming pools in the Sunshine State during the month of June 2021:

Southwest

Total Permits: 1,048

Average Value of Construction: $50,313

Top Counties for New Pool Construction (based on total permits): Lee County (352 permits); Collier County (247 permits)