Florida metros logged nearly 7,500 new-home permits in June
Tampa led with 2,300 permits in the state, followed by Southwest Florida with 1,895. Together, the two regions accounted for about 56% of the total.
Florida’s major metropolitan areas recorded 7,477 new residential construction permits in June, a 17% increase from the previous month, according to HBW permit data.
The permits represented nearly $2.68 billion in planned construction across the five Florida regions included in the report. The average permitted construction value was about $357,900.
The report, from the DeBary-based building permit data company, covers Tampa, Southwest Florida, Orlando, Jacksonville and Southeast Florida. Tampa and Southwest Florida accounted for more than half of the permits tracked in June.
June permit totals by region:
- Tampa: 2,300 permits valued at $757.8 million
- Southwest Florida: 1,895 permits valued at $712.3 million
- Orlando: 1,347 permits valued at $500.3 million
- Jacksonville: 1,060 permits valued at $298.6 million
- Southeast Florida: 875 permits valued at $407.6 million
Tampa and Southwest Florida together accounted for 4,195 permits, or about 56% of the five-region total. Pasco and Polk counties led activity in the Tampa region, while Lee and Manatee counties recorded the highest totals in Southwest Florida.
The regional numbers also showed differences in the types and values of homes being planned. Southeast Florida had the fewest permits but the highest average construction value at about $465,800. Jacksonville had the lowest average value at about $281,700, reflecting a larger share of more moderately priced construction.
St. Lucie County led Southeast Florida with 334 permits. Palm Beach County recorded fewer permits – 184 – but nearly the same total construction value, indicating a greater concentration of higher-value projects.
Permit activity provides an early look at the construction pipeline because permits are generally issued before work begins. However, permits do not necessarily mean every home will be built immediately, and the data does not include every Florida market. One month of growth also does not establish a longer-term trend.
For real estate professionals, the regional and county differences can help identify where additional new-home inventory may become available, which markets are adding more moderately priced homes and where higher-value construction is concentrated.
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