Based on the latest construction data reports from HBW, there were 8,450 new residential construction permits with a total value of $2.5B on record for the Sunshine State last month.

Out of the five regions reviewed (Southwest, Tampa, Orlando, Southeast, Jacksonville), Tampa carried the highest volume of new residential construction (2,467 permits), while the southeastern region held the highest average value of new home construction (average value: $347,382) for the one-month period.

Here is closer look at the total new permits, construction values and leading counties by region for new home construction in Florida during the month May 2023:

Tampa

Last month, Tampa led Florida for new home construction, having 2,467 new permits with a total construction value of approximately $670M on record with HBW.  The majority of all new construction took place in the two counties of Polk (872 permits) and Pasco (712 permits), and the average value of construction in the Tampa area (average value: $271,412) landed on the lower end of the spectrum in comparison other Florida regions reviewed.

Southwest

In the southwestern region of Florida there were 2,200 new residential construction permits with a total value in excess of $663M on record last month.  More than half of all new home construction took place in the counties of Lee (627 permits) and Manatee (482 permits), and the average value of construction was $301,605.

Orlando

In Orlando, there were approximately 1,540 new residential construction permits with a total value of $522.5M last month.  Nearly half of all new permits originated from the two counties of Orange (404 permits) and Brevard (323 permits), and the average value of construction in the Orlando area (average value: $339,700) landed on the higher end of the spectrum in comparison to all other Florida regions reviewed.

Jacksonville

Last month, there were approximately 1,470 new residential construction permits with a total value in excess of $385M in the Jacksonville area.  The majority of all new residential construction permits originated from the counties of St. Johns (569 permits) and Duval (488 permits), and the average value of new home construction was lowest in Jacksonville (average value: $262,120) in comparison to other Florida regions reviewed.

Southeast

In the southeast, there were more than 775 new residential construction permits with a total value of approximately $270M on record with HBW for the month of May.  Just about half of all new home construction activity took place in St. Lucie County (388 permits), and the average value of new home construction was highest in the southeast (average value: $347,382) in comparison to other areas reviewed.

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.