A review of new residential construction permit data on record with HBW for Florida from January through December 2020
The annual Building Activity Trend Reports for new residential construction in Florida have been released by HBW, and based on the totals published through the 4th quarter of 2020, there was a 17 percent year-over-year increase in new home construction, resulting in approximately 97,570 new permits on record with HBW. The report was based on new residential construction permits from six major regions of Florida (Central, West, Southeast, Southwest, Northeast, Northwest), all of which exhibited year-over-year increases in new home construction ranging from 7 percent to 27 percent.
Out of the six regions reviewed, the greatest concentration of housing starts could be found in West Florida, where there were 22,200 new residential construction permits on record, reflecting a 10 percent year-over-year increase in housing starts.
Here is a closer look at the reports and a breakdown of the total permits, annual increases in new construction activity, leading counties for housing starts and the totals for higher value properties in Florida last year:
West Florida
Total Permits: 22,200
% Annual Increase – YTD (2019 vs. 2020): +10%
Top County for New Construction: Polk County (7,024 permits)
Total Permits for Higher Value Homes (>$500k): 1,192
Southwest Florida
Total Permits: 18,297
% Annual Increase – YTD (2019 vs. 2020): +16%
Top County for New Construction: Lee County (6,125 permits)
Total Permits for Higher Value Homes (>$500k): 746
Northeast Florida
Total Permits: ~17,600
% Annual Increase – YTD (2019 vs. 2020): +27%
Top County for New Construction: Duval County (5,516 permits)
Total Permits for Higher Value Homes (>$500k): 416
Central Florida
Total Permits: 16,062
% Annual Increase – YTD (2019 vs. 2020): +21%
Top County for New Construction: Orange County (4,880 permits)
Total Permits for Higher Value Homes (>$500k): ~1,100
Northwest Florida
Total Permits: 13,130
% Annual Increase – YTD (2019 vs. 2020): +18%
Top County for New Construction: Santa Rosa County (2,275 permits)
Total Permits for Higher Value Homes (>$500k): 600
Southeast Florida
Total Permits: 10,281
% Annual Increase – YTD (2019 vs. 2020): +7%
Top County for New Construction: St. Lucie County (4,138 permits)
Total Permits for Higher Value Homes (>$500k): ~1,060
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.