Based on the latest from the HBW database, there were more than 8,915 new residential construction permits with a total value in excess of $2.7 billion in the Sunshine State last month.  Out of the five Florida regions reviewed (Tampa, Southwest, Southeast, Orlando, Jacksonville), the greatest amount of new home construction could be found in the southwestern region (2,731 permits), while the highest average value of new home construction could be found in the southeast (average value: $349,491).

Here is a closer look at the total permits, construction values and leading counties for new residential construction during the month of October 2023:

Southwest

As previously noted, the southwestern region of Florida ranked #1 for new home construction, having 2,731 new permits with a total construction value in excess of $832 million on record with HBW last month.  The average value of new home construction landed mid-range (average value: $304,703) in comparison to other regions reviewed, and just over 55 percent of all new home construction activity took place in the two counties of Lee (887 permits) and Manatee (631 permits).

Tampa

Next in line, Tampa ranked #2 for new home construction last month, having 2,224 new permits with a total construction value of nearly $665 million.  The average value of new home construction was $298,797, and well more than half of all new permits originated from the counties of Pasco (650 permits) and Polk (615 permits).

Jacksonville

In Jacksonville, there were 1,655 new residential construction permits with a total value of $460.3 million last month.  The average value of new home construction was lowest in the Jacksonville area (average value: $278,152) in comparison to other Florida regions reviewed, and the majority of all new residential construction activity took place in the counties of St. Johns (538 permits) and Duval (586 permits).

Orlando

Last month, there were 1,375 new residential construction permits with a total value in excess of $463 million added to the HBW database for the Orlando area.  The average value of new home construction was $336,910, and just about half of all new permits originated from the counties of Brevard (371 permits) and Orange (311 permits).

Southeast

In the southeastern region of Florida, there were more than 930 new residential construction permits with a total value of approximately $325.4 million on record for the month of October.  The average value of new home construction was highest in the southeast (average value: $349,491) in comparison to other Florida regions reviewed, and nearly 80 percent of all new construction activity took place in the counties of St. Lucie (435 permits) and Palm Beach (297 permits).

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.