Last month, there were more than 7,040 new residential construction permits with a total value in excess of $2.1 billion in the Sunshine State.  Out of the five regions reviewed (Orlando, Tampa, Southwest, Southeast, Jacksonville), the southwestern region (1,911 permits) carried the greatest volume of new residential construction activity, while the highest average value of new home construction could be found in the southeastern region (average value: $365,996).

Here is a closer look at new residential construction data on record with HBW for Florida during the month of September 2023:

Southwest

As previously noted, the southwestern region of Florida carried the highest volume of new home construction last month, having 1,911 new permits with a total construction value of nearly $600 million last month.  The average value of new home construction was $313,369, and well more than half of all new residential construction permits on record for the one-month period originated from the counties of Lee (644 permits) and Manatee (553 permits).

Tampa

In Tampa, there were nearly 1,860 new residential construction permits with a total value of more than $508 million on record with HBW last month. The average value of new home construction in Tampa (average value: $273,694) landed on the lower end of the spectrum in comparison to other Florida regions reviewed, and the bulk of new permits originated from the two counties of Polk (582 permits) and Pasco (501 permits).

Orlando

Last month, there were approximately 1,445 new residential construction permits with a total value of $496.4 million in the Orlando area.  The average value of new home construction in Orlando (average value: $344,008) landed on the higher end of the spectrum in comparison to other Florida regions reviewed, and the counties with the greatest concentration of new home construction activity were Orange and Brevard, with 337 and 329 new permits on record respectively.

Jacksonville

In Jacksonville, there were approximately 1,225 new residential construction permits with a total value of nearly $306.5 million last month.  The average value of new home construction was lowest in Jacksonville (average value: $250,366) in comparison to other regions reviewed, and the majority of new permits originated from the two counties of Duval (484 permits) and St. Johns (446 permits).

Southeast

Last month, the southeastern region of Florida had more than 600 new residential construction permits with a total value of nearly $222 million added to the HBW database. The average value of new home construction was highest in the southeast (average value: $365,996) in comparison to other Florida regions reviewed, and the majority of all new home construction took place in the two counties of St. Lucie (339 permits) and Palm Beach (137 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.