Florida Residential Construction Report – November 2017
Last month, more than 3,400 new Florida residential construction permits with a total value in excess of $940M were added to the HBW database. Construction permits provide valuable data to subscribers, not just for the purpose of gaining new and valid leads… By following permit data and construction trends, home builders can recognize patterns in areas, values, types of construction and gain better insight on the competition.
Here’s a closer look at housing starts and new residential construction in Florida last month based on HBW’s November construction data reports:
Tampa
Tampa was on top of the residential construction charts for November; there were nearly 900 housing starts with a total value in excess of $243k for the one-month period. The top counties with the highest concentration of housing starts are Hillsborough (249 permits) and Polk (237 permits), and the average value of construction across the area was $274,370. Out of the approximately 160 active builders, the following took the top three spots:
Top Builders:
| Lennar Homes | 80 |
| D.R. Horton Inc | 80 |
| The Villages Of Lake Sumter | 71 |
Southwest
The gulf coast areas of Florida continue to heat up in residential construction and real estate. Last month, the southwest region ranked second for total housing starts with 756 permits and a total construction value of nearly $195k. More than half of all new construction could be found in the counties of Lee (295 permits) and Sarasota (148 permits), and the average value across the area was $257,597. Out of the nearly 180 active builders for the one-month period, the following held top positions for total housing starts:
Top Builders:
| Pulte Homes | 102 |
| Lennar Homes | 93 |
| D.R. Horton Inc | 72 |
Orlando
Coming in very close to the southwest for home building activity, the Central Florida/Orlando area ranked third for total new residential construction permits on file with HBW. There were nearly 750 housing starts with a total value in excess of $235M last month, and the average value of construction was $314,428. As per usual, the highest levels of new residential construction could be found in Orange (285 permits) and Osceola (152 permits) counties. Out of the 140 active home builders for the month, the following ranked highest for total new permit activity:
Top Builders:
| Pulte Homes | 72 |
| D.R. Horton Inc | 59 |
| Lennar Homes | 58 |
Jacksonville
Last month, the Northeast/Jacksonville area had just over 600 new residential construction permits with a total value greater than $135M added to the HBW database. Higher concentrations of new construction could be found in Duval (228 permits) and St. Johns (208 permits) counties. Across the area, the average value of construction was lower than most other Florida regions coming in at $224,507. Out of the 110 active home builders for the month, the following took top spots for total housing starts:
Top Builders:
| D.R. Horton Inc | 130 |
| KB Homes | 46 |
| Lennar Homes | 43 |
Southeast
In the southeast, there were nearly 415 housing starts with a total value of more than $132M on file with HBW last month. While the southeast gained the fewest new residential construction permits in comparison to the rest of the state, it maintained the top spot for highest value of construction having an average construction value of $320,092. More than half of all new home building activity took place in the counties of Palm Beach (139 permits) and St. Lucie (125 permits), and out of the 125 active builders in the area last month, the following were on top for total housing starts:
Top Builders:
| D.R. Horton Inc | 59 |
| G L Homes | 49 |
| Lennar Homes | 22 |
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.