An overview of permit data for new home construction in Florida during the month of February

Based on HBW’s latest construction data reports, there were 5,685 new residential construction permits with a total construction value of nearly $1.85 billion added to the HBW database for Florida last month; this figure reflects an 11 percent month-over-month decrease in new home construction.  Out of the five major regions reviewed (Southwest, Southeast, Tampa, Orlando, Jacksonville), the southwestern region held the highest concentration of new residential construction permits (1,621 permits), while the highest average value of new home construction could be found in the southeastern region of the state (average value: $421,071).

Here is a closer look at the total number of new permits, average construction value, and leading counties for new home construction in each of Florida’s five major regions during the month of February:

Southwest

The southwestern region of Florida ranked #1 for new home construction last month, having 1,621 new permits with a total construction value of approximately $532.6M last month.  The average value of new home construction landed mid-range (average value: $328,547) in comparison to other Florida regions reviewed, and more than half of all new residential construction activity took place in the counties of Lee (589 permits) and Manatee (302 permits)

Tampa

Tampa ranked #2 for new home construction last month as there were 1,365 new residential construction permits with a total value of nearly $403.8M.  The average value of construction was $295,795, and more than half of all new permits originated from the counties of Hillsborough (382 permits) and Pasco (366 permits).

Orlando

The Orlando area ranked #3 for new home construction, having 1,265 new permits with a total construction value in excess of $433.5M on record with HBW last month.  The average value of new home construction was $342,701, and the majority of new residential construction permits originated from the counties of Orange (426 permits) and Brevard (364 permits).

Jacksonville

Last month, there were nearly 830 new residential construction permits with a total value of $229.4M on record for the Jacksonville area. The average value of construction was lowest in Jacksonville (average value: $277,421) in comparison to other Florida regions reviewed, and the bulk of new home construction activity took place in the counties of St. Johns (328 permits) and Duval (244 permits).

Southeast

During the month of February, the southeastern region of Florida carried the lowest level of new home construction activity in comparison to other Florida regions reviewed; during the one-month period, there were 607 new permits with a total construction value of approximately $255.6M; the average value of new home construction was highest in the southeast (average value: $421,071), and the counties with the greatest concentration of new residential construction permits were St. Lucie (273 permits) and Palm Beach (160 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.