Florida New Home Construction Review – January 2025

Since the start of this year, new home construction has been off to a solid start in Florida – Last month, there were approximately 6,435 new residential construction permits with a total value in excess of $2.1 billion added to the database for Florida; this reflects more than a 38 percent month-over-month increase in new home construction. 

Out of the five major regions reviewed (Southwest, Southeast, Tampa, Orlando, Jacksonville), the southwestern region (1,785 permits) carried the highest concentration of new home construction activity for the month, while the southeastern region held the highest average value of new home construction (average value: $403,028)

Here is a closer look at total permits, construction values, and leading counties for new home construction in the Sunshine State during the month of January:

Southwest

The southwestern region of Florida ranked #1 for new home construction last month, having 1,785 new permits with a total value in excess of $530.5 million on record with HBW. The average value of new home construction in the area (average value: $297,205) landed on the lower end of the spectrum in comparison to other regions reviewed, and well more than half of all new permits originated from the counties of Lee (771 permits) and Charlotte (397 permits).

Tampa

Not far behind the Southwest, the Tampa area ranked #2 for new home construction last month, having just over 1,550 new permits with a total value of nearly $500 million on record. The average value of new residential construction in the area was $322,113, and the counties with the highest concentration of new permits on record for the month were Polk (712 permits) and Sumter (333 permits).

Orlando

In Orlando, there were 1,490 new residential construction permits with a total value of in excess of $567.5 million last month. The average value of new home construction landed on the higher end of the spectrum (average value: $380,891) in comparison to other Florida regions reviewed, and the counties with the highest concentration of new permits included Osceola (396 permits) and Brevard (355 permits).

Jacksonville

Last month, there were 924 new residential construction permits with a total value of approximately $263 million on record for Jacksonville. The average value of construction remained lowest in the Jacksonville area (average value: $284,406) in comparison to other Florida regions reviewed, and the bulk of all new residential construction activity originated from the two counties of Duval (429 permits) and St. Johns (271 permits).

Southeast

Last month, there were 684 new residential construction permits with a total value of nearly $276 million on record for the southeastern region of Florida. As previously noted, the average value of new home construction was highest in the southeast (average value: $403,028) in comparison to other Florida regions reviewed, and the counties with the greatest concentration of new construction activity were St. Lucie (227 permits) and Palm Beach (198 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.

HBW Report: Florida Swimming Pool Construction – January 2025

Based on the HBW’s latest construction data reports, there were more than 1,765 new swimming pool construction permits with a total value in excess of $146.5 million added to the HBW database for Florida last month. Out of the five regions reviewed (Orlando, Southwest, Southeast, Tampa, Jacksonville), the greatest amount of new pool construction could be found in the Southwest (611 permits), while the highest average value of new construction projects could be found in Jacksonville (average value: $97,119).

From total permits and construction values to leading counties and contractors, here’s a breakdown of new swimming pool construction permit data throughout the Sunshine State last month:

Southwest

As previously noted, the southwestern region of Florida held the highest concentration of new swimming pool construction last month, having 611 permits with a total construction value of approximately $50 million on record. The average value of new construction was $81,619, and more than half of all new permits originated from the two counties of Collier (200 permits) and Lee (161 permits).

Out of approximately 190 contractors with new swimming pool construction on record in the area last month, the following ranked as the top three for total new permits:

BuilderTotal Permits
1-Aragon Pools & Spas57
2-Pinnacle USA47
3-Coast to Coast Pools43

Southeast

Last month, there were just over 450 new swimming pool construction permits with a total value of $35.6 million on record for the southeastern region of Florida. The average value of construction was lowest in the southeast (average value: $78,958) in comparison to other regions reviewed, and more than 62 percent of all new pool construction activity originated from the two counties of Palm Beach (167 permits) and Miami-Dade (116 permits).

Out of approximately 190 pool builders with new construction on record in the southeast last month, the following ranked as the top three for total new permits:

BuilderTotal Permits
1-Louden Bonded Pools17
2-A&G Concrete Pools14
3-Fountain Blue Pool Services14

Tampa

In Tampa, there were approximately 280 new swimming pool construction permits with a total value of nearly $23.5 million on record for the month of January. The average value of construction landed in the higher range (average value: $84,083) in comparison to most other Florida regions reviewed, and more than half of construction took place in the two counties of Hillsborough (81 permits) and Sumter (71 permits).

Out of approximately 120 contractors with new pool construction on record in the area last month, the following ranked as the top three for total new permits:

BuilderTotal Permits
1-T&D Pool Construction26
2-Roden Pool Contracting11
3-Cody Pools9

Orlando

Last month, there were approximately 255 new swimming pool construction permits with a total value of $21 million on record for the Orlando area. The average value of construction was $82,715, and more than half of all permits originated from the two counties of Orange (76 permits) and Brevard (59 permits).

Out of more than 100 contractors with new pool construction activity on record for Orlando last month, the following ranked as the top three for total new permits:

BuilderTotal Permits
1-All Seasons15
2-Bob’s Pool Service13
3-Dreamscapes Pools & Spas11

Jacksonville

In the Jacksonville area, there were more than 170 new swimming pool construction permits with a total value of $16.6 million on record last month. As previously noted, the average value of new pool construction was highest in Jacksonville (average value: $97,119) in comparison to other regions reviewed, and more than 70 percent of all permits originated from the counties of St. Johns (79 permits) and Duval (43 permits).

Out of nearly 75 pool builders with new construction activity on record in the area last month, the following ranked as the top three for total new permits:

BuilderTotal Permits
1-Pools by John Clarkson10
2-Agua Pools & Spas8
3-Breakwater Construction Group7

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.

Texas Swimming Pool Construction Review – January 2025

Since the start of this year, new swimming pool construction has been off to a slow start in the Lone Star State. Last month, there were approximately 390 new permits with a total construction value in excess of $30.3 million on record with HBW, reflecting a 13 percent month-over-month decrease in new pool construction.

Out of the four metro areas (Dallas, Houston, Austin, San Antonio) included in the reports, Dallas (181 permits) held the greatest amount of new pool construction activity, while the highest average value of new pool construction could be found in Houston (average value: $101,241).

Here is a closer look at the total permits, average value of construction and leading counties and contractors for new pool construction in the four major metro areas of Texas during the month of January:

Dallas

As previously noted, the Dallas area carried the highest level of new pool construction in comparison to other Texas regions reviewed.  Last month, there were just over 180 new permits with a total construction value of approximately $13.6 million added to the HBW database for the area. The average value of construction was $75,127, and nearly 55 percent of all new permits originated from the two counties of Dallas (53 permits) and Denton (44 permits).

Out of more than 100 pool builders with new construction activity on record in the Dallas area last month, the following ranked as the top three for total new permits:

BuilderTotal Permits
1-Riverbend Pools14
2-J Caldwell Custom Pools9
3-Puryear Custom Pools6

Houston

In Houston, there were more than 125 new swimming pool construction permits with a total value of approximately $12.9 million added to the HBW database last month. The average value of pool construction was highest in Houston (average value: $101,241) in comparison to other Texas regions reviewed, and nearly all new construction took place in Harris County (102 permits).

Out of more than 90 pool builders with new construction activity on record in the Houston area last month, the following ranked as the top three for total permits:

BuilderTotal Permits
1-Cypress Custom Pools5
2-Regal Pools4
3-Roxanne Plasencia4

Austin

Last month, there were approximately 50 new swimming pool construction permits with a total value of nearly $2.4 million on record with HBW for the Austin area. The average value of new pool construction was lowest in Austin (average value: $47,998) in comparison to other areas reviewed, and the bulk of new construction activity took place in Travis County (38 permits).

Out of nearly 35 pool builders with new construction activity on record in Austin last month, the following ranked as the top three for total new permits:

BuilderTotal Permits
1-Cody Pools5
2-Denali Pools4
3-Paradisa Homes4

San Antonio

In San Antonio, there were 30 new swimming pool construction permits with a total value of $1.5 million on record last month. The average value of construction landed on the lower end of the spectrum (average value $50,173) in comparison to other Texas areas reviewed, and more than half of all new permits originated from Bexar County where there were 20 permits on record for the one-month period.

Out of approximately 25 pool builders with new swimming pool construction activity on record in San Antonio last month, the following ranked as the top three for total new permits:

BuilderTotal Permits
1-Keith Zars Pools4
2-Avery Pools2
3-Infinity Pools of Texas2

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.

Florida’s Top Home Builders of January 2025: Who Led the Market?

New home construction in Florida kicked off the year with a strong start, as leading builders pulled thousands of permits across the state in January. According to the latest data from HBW, a handful of top firms dominated the residential market, securing the highest number of new permits. Today, we will be using HBW’s construction data reports to highlight the top-performing home builders based on total permits pulled, along with providing insights into the average value of their construction projects. Whether you’re a contractor, supplier, or industry professional, staying informed on these rankings can help you identify key players, track industry growth, and uncover potential business opportunities in Florida’s dynamic residential market.

Based on the latest data from HBW, we noted that there were approximately 6,435 new residential construction permits with a total value in excess of $2.1 billion added to the database for Florida last month. Out of the hundreds of contractors with new permit activity on record with HBW, the following ranked as the top three for total new residential construction permits statewide for the one-month period:

#1– Lennar Homes – 763 permits

#2 D.R. Horton – 675 permits

#3 Pulte Homes – 451 permits

Here is closer look at the contractors with the greatest amount of new residential construction activity in Florida, by region, for the month of January 2025:

Southwest

In Southwest Florida, there were 370 active contractors with new home construction activity on record for the month, and the following ranked as the top five for total new permits:

BuilderTotal Permits Average Value
1-Lennar Homes272 $   184,017.00
2-D.R. Horton181 $   195,289.00
3-Pulte Homes128 $   163,917.00
4-Taylor Morrison66 $   229,626.00
5-Toll Brothers54 $   254,632.00

Tampa

Out of approximately 220 home builders with new residential construction activity on record in Tampa last month, the following ranked as the top five for total permits on file with HBW:

BuilderTotal Permits Average Value
1-D.R. Horton212 $   267,611.00
2-Lennar Homes178 $   385,475.00
3-Taylor Morrison84 $   281,613.00
4-The Villages of Lake Sumter81 $   175,000.00
5-KB Homes59 $   265,248.00

Orlando

In Orlando, there were more than 185 home builders with new construction activity on record with HBW last month, and the following ranked as the top five for total new residential construction permits:

BuilderTotal Permits Average Value
1-Lennar Homes218 $   356,701.00
2-Pulte Homes209 $   372,320.00
3-Maronda Homes98 $   382,618.00
4-D.R. Horton90 $   349,389.00
5-M/I Homes61 $   365,515.00

Southeast

Out of approximately 150 home builders with new construction activity on record in the southeastern region of Florida last month, the following ranked as the top five for total new permits:

BuilderTotal Permits Average Value
1-Minto Communities96 $   232,849.00
2-GL Building Corporation83 $   391,316.00
3-D.R. Horton72 $   285,545.00
4-Lennar Homes52 $   275,624.00
5-Pulte Homes40 $   389,625.00

Jacksonville

Last month, there were approximately 140 contractors with new residential construction activity on record in the Jacksonville area, and the following ranked as the top five for total new permits for the one-month period: 

BuilderTotal Permits Average Value
1-Dream Finders Construction182 $   255,413.00
2-D.R. Horton120 $   244,400.00
3-Richmond American Homes68 $   250,000.00
4-Pulte Homes55 $   223,372.00
5-Lennar Homes43 $   259,192.00

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.

Texas Residential Construction Review – January 2025

The Texas home construction market is off to a steady start in 2025, with builders across the state securing permits for new residential projects. Earlier this week, we analyzed HBW construction data reports to highlight the top-performing home builders in Texas. Now, we’re diving deeper into the latest permitting activity to uncover key data on residential construction. In this report, we’ll explore which regions are experiencing the highest volume of new home construction, identify potential hotspots for residential development, and provide insights that construction professionals can use to stay ahead in a competitive market. Whether you’re a builder, contractor, or industry stakeholder, analyzing and understanding permit data can help inform strategic decisions and business planning for the months ahead.

In January, there have already been more than 5,900 new residential construction permits with a total value of approximately $2 billion added to the HBW database for Texas; this figure reflects a month-over-month increase of 5 percent in new home construction.

Out of the four major metro areas reviewed (Dallas, Houston, Austin, San Antonio), Houston (2,848 permits) held the highest concentration of new permits last month, while Dallas came out on top for value by having the highest average value of new home construction on record for the month (average value: $395,700).

Here is a closer look at the total permits, average values, and leading counties for new residential construction in Texas during the month of January 2025:

Houston

As noted above, Houston led Texas in new home construction last month, having 2,848 new permits with a total construction value of approximately $870 million on record. The average value of new residential construction in Houston (average value: $305,375) landed on the lower to mid-range in comparison to other areas reviewed, and more than 50 percent of all new permits originated from Harris County (1,493 permits).

Dallas

Next in line behind Houston, the Dallas area ranked second for new home construction, having 2,170 new permits with a total value of nearly $859 million last month. As previously noted, the average value of construction was highest in the Dallas area (average value: $395,700) in comparison to other regions reviewed, and nearly half of all new permits originated from Collin County (1,028 permits).

San Antonio

In the San Antonio area, there were 475 new residential construction permits with a total value in excess of $128 million last month. The average value of construction was lowest in San Antonio (average value: $269,560) in comparison to other Texas areas reviewed, and the majority of all new home construction activity took place in Bexar County where there were approximately 315 new permits on record with HBW for the one-month period.

Austin

In Austin, there were approximately 420 new residential construction permits with a total value of nearly $143 million last month. The average value of construction in Austin (average value: $340,276) landed on the higher end of the spectrum in comparison to other metro areas reviewed, and 83 percent of all new permits originated from the counties of Williamson (195 permits) and Travis (154 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.

Texas Top Home Builders – January 2025

Reports for the start of 2025 are in and available for HBW subscribers. Based on the most recent building permit data from HBW, we found that there were more than 5,900 new residential construction permits with a total value of approximately $2 billion added to the HBW database during the month of January. When reviewing the reports to identify the leading contractors that carried the highest volume of new permits last month, we found that while each metropolitan area of Texas has its own unique lineup of leading home builders, there have been and continue to be two major players in the market month after month – From across the four major metro areas reviewed (Houston, Dallas, Austin, San Antonio), both Lennar Homes and D.R. Horton continue to carry the highest concentration of new residential construction activity, having 644 and 592 new permits on record respectively; this figure represents more than 20 percent of all new home construction on record for the Lone Star State last month.

Here is a closer look at the top five builders in each major metro area in Texas based on the total number of permits on record with HBW during the month of January 2025:

Houston

Last month, there were approximately 320 contractors with new residential permits added to the HBW database for the Houston area, and the following ranked as the top five for total new permits:

BuilderTotal Permits Average Value
1-D.R. Horton326 $   262,482.00
2-Lennar Homes318 $   244,463.00
3-Perry Homes183 $   322,269.00
4-Century Communities143 $   250,985.00
5-David Weekley Homes88 $   332,542.00

Dallas

In Dallas, there were 225 home builders holding new permits on record with HBW for the month of January, and the following ranked as the top five for total new permits:

BuilderTotal PermitsAverage Value
1-Lennar Homes214 $   305,062.00
2-D.R. Horton204 $   310,670.00
3-Trophy Signature Homes96 $   447,935.00
4-Pulte Homes95 $   406,754.00
5-Bloomfield Homes73 $   483,288.00

San Antonio

In San Antonio, there were nearly 100 contractors with new residential construction activity on record last month, and the following ranked as the top five for total new permits:

BuilderTotal Permits Average Value
1-Lennar Homes111 $   148,668.00
2-D.R. Horton48 $   227,856.00
3-Continental Homes of Texas35 $   161,979.00
4-M/I Homes30 $   326,975.00
5-KB Homes24 $   212,470.00

Austin

Out of nearly 70 home builders with new permits on record for the month in the Austin area, the following ranked in the top five for new permits:

BuilderTotal Permits Average Value
1-Perry Homes57 $   379,204.00
2-Brookfield Residential Texas Homes41 $   282,854.00
3-KB Homes34 $   289,710.00
4-Taylor Morrison Homes25 $   361,068.00
5-Starlight Homes Texas18 $   424,333.00

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.

Annual Review: Florida Swimming Pool Construction 2024

Across the state, swimming pool construction has been steadily declining throughout Florida since 2022. While swimming pools usually come to mind when thinking of Florida, in 2024 the volume of new construction permits was the lowest it has been since 2019; that being stated, there were a handful of counties that actually landed ahead of last year’s figures and exhibited some potential for improvement in the market (Palm Beach, Sarasota, and more).

Based on the latest HBW Swimming Pool Construction Activity Trend Reports for Florida, last year there was an 11 percent year-over-year decrease in new pool construction, resulting in 27,500 new permits on record with HBW. Out of the six regions included in the report (Southeast, Southwest, Northeast, Northwest, Central and West), the highest concentration of new permits could be found in Southwest Florida (8,364 permits); in comparison to other Florida areas reviewed, the southwestern region also reflected the lowest annual rate of change with just a 4 percent year-over-year decrease in new permits.

Here is a breakdown of the total permits, year-over-year rates of change and leading counties for new swimming pool construction throughout the Sunshine State last year:

Southwest

Total Permits in 2024: 8,364

Annual % Change (YOY): -4 percent

Leading Counties for new permits: Lee County (2,435 permits, -10% YOY); Sarasota County (1,676 permits, +23% YOY); Collier County (1,597 permits, -14% YOY)

Southeast

Total Permits in 2024: 5,266

Annual % Change (YOY): -13 percent

Leading Counties for new permits: Palm Beach County (2,051 permits, +6% YOY); Miami-Dade County 1,186 permits, -3% YOY)

West

Total Permits in 2024: 4,198

Annual % Change (YOY): -21 percent

Leading Counties for new permits: Hillsborough County (1,471 permits, -14% YOY); Sumter County (712 permits, -3% YOY);

Central

Total Permits in 2024: 4,008

Annual % Change (YOY): -13 percent

Leading Counties for new permits: Orange County (1,068 permits, -33% YOY); Lake County (961 permits, +35% YOY)

Northeast

Total Permits in 2024: 2,976

Annual % Change (YOY): -7 percent

Leading Counties for new permits: St. Johns County (1,045 permits, -7% YOY); Duval County (565 permits, -11% YOY)

Northwest

Total Permits in 2024: 2,688

Annual % Change (YOY): -11 percent

Leading Counties for new permits: Walton County (538 permits, -7% YOY); Bay County (437 permits, -9% YOY); Santa Rosa County (435 permits, -19% YOY)

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.

Texas Swimming Pool Construction Annual Review 2024

Based on HBW’s latest Swimming Pool Construction Activity Trend Report for Texas, it appears that new swimming pool construction has continued to slow down across the state. In 2024, the Lone Star State demonstrated an 18 percent year-over-year decline in pool construction, resulting in nearly 7,500 new permits on record with HBW from the combined areas of Dallas, Houston, San Antonio and Austin. Every major Metro area exhibited year-over-year decreases in new pool construction activity ranging from -9 percent (Houston) to -26 percent (Dallas).

Here is a closer look at permit data by region…

With a 26 percent year-over-year decrease in permits, the Dallas area had 3,200 new swimming pool construction permits on record last year – ranking it #1 for pool construction.  Next in line, the Houston area ranked #2 for new pool construction; with the lowest year-over-year decline (-9%) of any Texas area reviewed, the Houston area had approximately 2,310 new swimming pool construction permits on record with HBW for year.

While the decline in swimming pool construction was not massive in the Austin area last year, there was still a 12 percent (YoY) decrease in permitting activity, resulting in 1,215 new permits on record for the one-year period. Finally, San Antonio and its surrounding areas experienced an annual drop of 19 percent in pool construction, resulting in more than 750 new permits on record with HBW.

When reviewing permit activity from a county-by-county perspective, Harris County (Houston) ranked #1 for total new permits on record last year; with a 7.5 percent year-over-year decrease in new pool construction activity, there were 1,510 new permits added to the HBW database for Harris County. Other counties that carried a higher volume of new swimming pool construction include: Travis County (960 permits) in the Austin area; and Dallas County (965 permits), Collin County (679 permits) and Tarrant County (623 permits) in the Dallas area.

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.

HBW Report: Florida Swimming Pool Construction – December 2024

Last month, there were nearly 1,500 new swimming pool construction permits with a total value of approximately $118.7 million added to the HBW database for the Sunshine State.  Out of the five regions reviewed (Tampa, Southwest, Orlando, Southeast, Jacksonville), the greatest amount of new pool construction activity took place in the southwestern region of the state (533 permits), while the highest average value of new permits could be found in Jacksonville (average value: $97,278).

Here is a breakdown of the latest permit data for new swimming pool construction in each of the five Florida regions during the month of December 2024:

Southwest

Total Permits: 533

Average Value of Construction: $80,109

Top Counties: Lee County (168 permits); Collier County (132 permits)

Top 3 Pool Builders (based on total permits):

BuilderTotal Permits
1-Pinnacle USA58
2-Aragon Pools & Spas56
3-Coast to Coast Pools31

Southeast

Total Permits: 341

Average Value of Construction: $78,140

Top Counties: Palm Beach County (141 permits); Miami-Dade (68 permits)

Top 3 Pool Builders (based on total permits):

BuilderTotal Permits
1-Fountain Blue Pool Service21
2-Louden Bonded Pools15
3-Endless Summer Pools of FL10

Orlando

Total Permits: 247

Average Value of Construction: $74,170

Top Counties: Lake County (63 permits); Orange County (55 permits)

Top 3 Pool Builders (based on total permits):

BuilderTotal Permits
1-Bob’s Pool Service16
2-Dreamscapes Pools & Spas13
3-Central Florida Homes & Pools13

Tampa

Total Permits: 198

Average Value of Construction: $74,102

Top Counties: Hillsborough County (72 permits); Sumter County (63 permits)

Top 3 Pool Builders (based on total permits):

BuilderTotal Permits
1-T&D Pool Construction36
2-Tampa Bay Pools on the Gulf13
3-Cody Pools7

Jacksonville

Total Permits: 168

Average Value of Construction: $97,278

Top Counties: St. Johns County (69 permits); Duval County (56 permits)

Top 3 Pool Builders (based on total permits):

BuilderTotal Permits
1-Blue Haven Pools15
2-Breakwater Construction Group10
3-Tier 1 Pools and Spas8

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.

Florida Residential Construction Review 2024

Residential Construction in Florida: Slowing Decline Suggests Market Stability in 2024

After experiencing two consecutive years of decline, Florida’s residential construction market is showing signs of stabilization. Since 2022, the state has faced annual decreases in new residential construction. However, in 2024, the market exhibited a marginal decline of approximately 1 percent, culminating in nearly 105,600 new permits recorded by HBW. This minimal change suggests a potential improvement in market conditions.

From the six major Florida regions reviewed (Southeast, Southwest, West, Central, Northeast, Northwest), year-over-year changes in total permits ranged from a low of -12 percent (West) to a high of +11 percent (Northeast). Notably, the southwestern region of Florida led in new home construction, with 24,659 new permits, reflecting a 3 percent year-over-year increase. Out of the five counties reviewed in the region, Lee (9,188 permits) and Manatee (5,509) accounted for the majority of permits. Prominent builders such as Lennar Homes, Pulte Homes, and D.R. Horton were significant contributors in this region.

In addition to the Southwest, other regions that exhibited greater amounts of new home construction last year include West (21,939 permits) and Northeast (21,581 permits) Florida, with the northeastern region exhibiting the most significant year-over-year growth (+11 percent) of all regions reviewed.

When reviewing HBW’s Building Activity Trend Reports to identify regions carrying the greatest amount of higher value (>$500k) residential construction projects, Central and West Florida were standouts, having 2,295 and 2,276 new higher value permits added to the HBW database last year.

Here is a closer look at permit totals for new home construction in Florida last year:

Total Permits by Region

From a broader perspective, the South, including Florida, led the nation in building permit approvals in 2024, primarily for single-unit housing. This trend underscores the sustained demand for residential construction in the area. (source: CoreLogic)

While Florida’s residential construction market experienced a slight decline in 2024, the stabilization in permit numbers and the strong performance of key builders suggest a cautiously optimistic outlook for industry professionals as they navigate the evolving landscape.

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.