Last month, there were nearly 8,100 new residential construction permits with a total value in excess of $2.5 billion added to the HBW database for the Sunshine State; this reflects a 27 percent month-over-month increase in new home construction activity.

Top Markets

Out of the five regions reviewed (Southwest, Tampa, Orlando, Jacksonville, Southeast), just about 55 percent of all new home construction activity originated from the Southwest and Tampa areas last month where there were 2,515 and 1,890 new permits respectively. In addition to the Southwest and Tampa areas, higher levels of new residential construction activity also took place in the Orlando area (1,483 permits), as well as Jacksonville (1,351 permits).

Leading Counties

Out of the five regions reviewed last month, there were several counties that carried a greater amount of new residential construction activity than others; those counties include Lee County (918 permits) in the southwestern region, Polk County (765 permits) in the Tampa area, and Duval County (522 permits) in Jacksonville.  Additionally, Sarasota County (Southwest) and St. Johns County (Jacksonville) exhibited higher levels of new home construction in comparison to other counties across the state as there were 455 and 426 new permits on record for the one-month period respectively.

Average Value of Construction

During the month of August, the average value of new home construction across the Sunshine State ranged from a high of $356,714 (Southeast) to a low of $266,243 (Jacksonville). Here is a look at the average value of new home construction statewide during the month of August:

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.