An overview of permit data for new residential construction in Florida during the month of August
Last month, there were just over 9,000 new residential construction permits with a total value in excess of $2.7 billion added to the HBW database for Florida; this reflects approximately a 20 percent month-over-month increase in new home construction activity.
Out of the five regions reviewed (Southwest, Tampa, Orlando, Jacksonville, Southeast), nearly 54 percent of all new home construction activity originated from the Southwest and Tampa areas last month where there were 2,495 and 2,351 new permits respectively. In addition to the Southwest and Tampa areas, higher levels of new residential construction activity could also be found in Orlando (1,674 permits), as well as Jacksonville (1,458 permits).
Out of the five regions reviewed last month, there were several counties that carried higher levels of new residential construction activity; those counties include Lee County (963 permits) in the southwestern portion of the state, and Pasco County (664 permits) and Polk County (600 permits) in the Tampa area. Additionally, Duval County (Jacksonville) and Orange County (Orlando) exhibited greater concentrations of new home construction in comparison to other counties reviewed as there were 535 and 488 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 low of $244,461 (Jacksonville) to a high of $346,980 (Southeast). 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.