HBW residential construction report and builder spotlight for July 2017

Since June, residential construction is looking up across Florida.  During the month of July, there were more than 6,200 housing starts reflecting a 24% month-over-month increase.  Out of the five areas reviewed (Orlando, Tampa, Jacksonville, Southwest, Southeast), Tampa came out on top for total starts having nearly 1,600 new residential construction permits on file for the month.  Orlando was next and following close behind with more than 1,420 new permits.

While Lennar Homes and D.R. Horton were the most active builders having the most starts across the state in July, when taking a closer look by area, there are a few other builders making their mark as well.  Here’s the breakdown of top builders and new construction activity for July and by region:

TAMPA

As previously mentioned, Tampa was the leading area for starts in Florida last month.  Nearly 200 active builders were responsible for close to 1,600 housing starts with an average value of approximately $255k.  Lennar Homes was the leader with more than 180 starts, and most of the leading builder’s new permits originated from Pasco and Hillsborough counties.  The top three builders are as follows:

Lennar Homes – 181 permits, average value: $248k

D.R. Horton – 139 permits, average value: ~$200k

Standard Pacific Homes – 115 permits, average value: $279k

ORLANDO

Last month, Orlando had more than 1,420 housing starts with the highest average value ($308k) of any other region in the state.  Out of the 200 active builders on file with HBW in July, D.R. Horton was positioned on top with close to 200 housing starts and an average value of construction close to $254k.  Here is a look at the top three home builders in Orlando for the month:

D.R. Horton – 194 permits, average value: $254k

Pulte Homes – 93 permits, average value: > $316k

Lennar Homes – 92 permits, average value: ~$204k

SOUTHWEST

In July, there were more than 1,400 housing starts with an average construction value just over $253k in Southwest Florida.  More than half of all new construction took place in Lee and Sarasota counties.  Out of the close to 250 active home builders on file, Lennar Homes led for total new permits with 224 housing starts. The top three builders in the southwest region for July are as follows:

Lennar Homes – 224 permits, average value: $210k

D.R. Horton – 106 permits, average value: $221k

Pulte Homes – 88 permits, average value: $201k

JACKSONVILLE

Nearly 150 home builders were active with new residential construction in Jacksonville last month.  Out of the 970+ housing starts at an average construction value of $247.5k, close to 40% took place in St. Johns County.  The top three home builders in the area for the month are as follows:

D.R. Horton – 152 permits, average value: $153k

Dream Finders Construction and Homes – 117 permits, average value: >$290k

Lennar Homes – 69 permits, average value: $277k

SOUTHEAST

In the southeast region, there were more than 820 housing starts with an average value of $271k.  St. Lucie County had the most new construction on file out of all southeast counties reviewed with 233 permits for the one-month period.  Out of the 200 active home builders in the area, Lennar Homes was a leader for total permits having 122 housing starts with an average value just over $151k.  Here is a closer look at the top three home builders for total new residential construction permits:

Lennar Homes – 122 permits, average value: >$151k

D.R. Horton – 102 permits, average value: >$227k

GL Homes – 65 permits, average value: ~$407k

Information utilized for the graphs and above listed figures for Florida residential construction was directly derived from HBW 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.