An overview of residential construction activity in Florida based on new permits added to the HBW database during the month of August 2021
Last month, there were 10,875 new residential construction permits with a total value in excess of $3 billion added to the HBW database for the Sunshine State; this reflects a 16 percent month-over-month increase in new home construction activity.
Out of the five regions reviewed (Southwest, Tampa, Orlando, Jacksonville, Southeast), just about 55 percent of all new home construction activity originated from the Southwest and Tampa areas last month where there were 3,045 and 2,969 new permits respectively. In addition to the Southwest and Tampa areas, higher levels of new residential construction activity also took place in Jacksonville (1,858 permits), as well as the Orlando area (1,645 permits).
Out of the five regions reviewed last month, there were several counties that carried a greater amount of new residential construction activity than others; those counties include Lee County (1,067) in the southwestern portion of the state, and Hillsborough County (791 permits) and Pasco County (775 permits) in the Tampa area. Additionally, St. Lucie County (Southeast) and St. Johns County (Jacksonville) exhibited higher levels of new home construction in comparison to other counties across the state as there were 691 and 665 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 high of $321,175 (Orlando) to a low of $247,583 (Jacksonville), with Orlando leading and having the highest average value of new home construction in comparison to other Florida regions reviewed. 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.