Based on the latest HBW construction data reports, there were approximately 8,200 new residential construction permits with a total value in excess of $2.75 billion added to the HBW database for Florida during the month of March. Out of the five regions reviewed (Southwest, Tampa, Orlando, Southeast, Jacksonville), the greatest concentration of new home construction activity could be found in the Tampa area (2,352 permits), and the highest average value of new home construction could be found in the Southeast (average value: $476,022).
Total permits on record by region for the month of March are as follows:
Tampa: 2,532 permits
Southwest: 2,274 permits
Orlando: 1,459 permits
Jacksonville: 1,142 permits
Southeast: 789 permits
When reviewing the hundreds of contractors with new permits on record for the one-month period, three home builders were standouts, holding permits for more than 30 percent of all new construction activity on record statewide. Those leading contractors were as follows:
Lennar Homes: 1,203 permits
D.R. Horton: 788 permits
Pulte Homes: 540 permits
From a county perspective, there were five counties that carried just over 40 percent of all new home construction across the state; those counties are as follows:
- Lee County (Southwest) – 854 permits
- Pasco County (Tampa) – 742 permits
- Polk County (Tampa) – 720 permits
- Duval County (Jacksonville) – 519 permits
- Hillsborough County (Tampa) – 476 permits
As far as average value of construction is concerned, as previously noted, the Southeast held the highest average value of residential building permits at $476,022. Here is an overview of how the other regions stacked up in comparison:
- Southeast – average value: $476,022
- Orlando – average value: $ 355,011
- Tampa – average value: $ 321,880
- Southwest – average value: $ 312,322
- Jacksonville – average value: $ 290,939
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.