A summary of permit data on record with HBW for new home construction in Florida during the month of October

Based on HBW’s latest construction data reports, there were approximately 6,870 new residential construction permits with a total value in excess of $2.2 billion in the Sunshine State last month.  Out of the five main Florida regions reviewed (Tampa, Southwest, Southeast, Orlando, Jacksonville), the greatest amount of new home construction took place in the southwestern region (1,618 permits), while the highest average value of new home construction could be found in the Southeast (average value: $421,012).

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 2022:

Southwest

As noted above, the southwestern region of Florida ranked #1 for new home construction, having approximately 1,620 new permits with a total construction value in excess of $523 million last month.  The average value of new home construction was $323,269, and more than half of all new permits on record for the one-month period originated from Lee County (462 permits) and Manatee County (462 permits).

Tampa

In Tampa, there were approximately 1,600 new residential construction permits with a total value of nearly $492 million on record with HBW last month.  The average value of new home construction was $307,412 and well more than half of all new permits originated from the counties of Pasco (486 permits) and Hillsborough (442 permits).

Jacksonville

In Jacksonville, there were nearly 1,500 new residential construction permits with a total value of $405.6 million last month.  The average value of new home construction was lowest in the Jacksonville area (average value: $271,153) in comparison to other Florida regions reviewed, and the majority of all new residential construction activity took place in the counties of St. Johns (566 permits) and Duval (443 permits).

Orlando

Last month, there were more than 1,280 new residential construction permits with a total value of nearly $455 million in the Orlando area.  The average value of new home construction landed on the higher end of the spectrum in Orlando (average value: $354,647) in comparison to other regions reviewed, and nearly half of all new permits originated from the counties of Brevard (403 permits) and Volusia (233 permits).

Southeast

In the southeastern region of Florida, there were approximately 875 new permits with a total construction value of nearly $368 million added to the HBW database during the month of October.  The average value of new home construction was highest in the southeast (average value: $421,012) in comparison to other Florida regions reviewed, and the bulk of all new residential construction permits originated from the two counties of St. Lucie (325 permits) and Palm Beach (274 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.