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Submitted URL: https://www.burnhamnationwide.com/e3t/Ctc/P*113/c31T504/VW9Hsr8VJqWJW1x3jh24q3W2ZW1HN78y52BWfsN67vcmC5nR32W50kH_H6lZ3nKW5BWqcQ3HnY...
Effective URL: https://www.bizjournals.com/orlando/news/2023/07/04/housing-construction-permits-metro-florida.html?utm_campaign=Get%20to%20...
Submission: On August 24 via api from US — Scanned from DE
Effective URL: https://www.bizjournals.com/orlando/news/2023/07/04/housing-construction-permits-metro-florida.html?utm_campaign=Get%20to%20...
Submission: On August 24 via api from US — Scanned from DE
Form analysis 4 forms found in the DOM
Name: search — GET https://www.bizjournals.com/orlando/search/results
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The Business Journals Select a City * National * Albany * Albuquerque * Atlanta * Austin * Baltimore * Birmingham * Boston * Buffalo * Charlotte * Chicago * Cincinnati * Cleveland * Columbus * Dallas * Dayton * Denver * Greensboro/Winston-Salem * Honolulu * Houston * Jacksonville * Kansas City * Los Angeles * Louisville * Memphis * Miami/Fort Lauderdale * Milwaukee * Minneapolis/St. Paul * Nashville * New York * Orlando * Philadelphia * Phoenix * Pittsburgh * Portland * Providence * Raleigh/Durham * Sacramento * San Antonio * San Francisco * Seattle * Silicon Valley * St. Louis * Tampa Bay * Washington, D.C. * Wichita Sign In * Sign In Existing Members * Become a Member It’s FREE! OrlandoBusiness Journal Help OBJ recognize recognize military veterans who have made significant achievements in their careers in the past year. Nominate now for the 2023 Veterans of Influence ACCESS ALL ARTICLES SUBSCRIBE NOW * Latest News * Lists & Leads * Commercial Real Estate * Banking * Technology * Health Care * Residential Real Estate * Travel & Tourism * Orlando Inno * Events * Nominations For the exclusive use of From the Orlando Business Journal: https://www.bizjournals.com/orlando/news/2023/07/04/housing-construction-permits-metro-florida.html?utm_campaign=Get+to+Know+Burnham+2021&utm_medium=email&_hsmi=271497749&_hsenc=p2ANqtz-9gzHgunrY2xtnKK4ldZURMlcPrLpXnkXbhsn60GcTkSmOQ7XdOezd3DHe51EUfMTNX-aClAoCAQFcPzIMm1pw8a--_wA&utm_content=271497749&utm_source=hs_email SUBSCRIBER CONTENT: * Residential Real Estate ORLANDO AREA ISSUES MORE HOUSING CONSTRUCTION PERMITS THAN OTHER FLORIDA METROS. HERE'S WHY. * Email * Share * Share * Tweet * Share Article * | * Print * Order Reprints expand Catie Peterson/OBJ; Getty Images By Logan Dragone – Data Reporter, Orlando Business Journal Jul 4, 2023 Updated Jul 6, 2023 8:55am EDT Preview this article 1 min Both Orlando and Jacksonville have a larger percentage of Florida's permits relative to their percentage of the state's population. THIS ARTICLE IS FOR SUBSCRIBERS ONLY Continue Reading With Your Subscription Access 4 weeks of business news and insights Subscribe for only $4 Subscribe Already have a paid subscription? Sign in This year, Central Florida has had more housing construction permits issued than the state's three other major metro areas. That's according to ongoing housing data from the U.S. Census Bureau. Below is a chart representing the new private housing unit permits in metro Orlando every month since 1988. CREATE YOUR FREE ACCOUNT BECOME A MEMBER Join the Orlando Business Journal to unlock even more insights! Email Address * Password *Show Zip Code * Join Now Sign-in | Premium Memberships By submitting your information you are agreeing to our Privacy Policy and User Agreement . While there was a dip in the number of permits in April 2022 after the Federal Reserve initially started hiking interest rates the prior month, the number has almost recovered. -------------------------------------------------------------------------------- Why this matters: There is more demand for housing than the available supply, driving up the costs to buy or rent a home. That can make it more difficult for companies to recruit new employees and also may make it more difficult for the area to attract more companies to move here. -------------------------------------------------------------------------------- For the first five months of 2023, metro Orlando has issued 10,596 housing construction permits. Statewide. there were 78,310 permits in the first five months. Here's a look at each major metro's share of Florida's total permits versus the share of each metro's population. * Orlando: 10,596 permits issued in the first five months of 2023 | 14.07% of Florida's 78,310 permits | 12.43% of Florida's 22.2 million population in 2022 * Tampa: 10,191 | 13.24% | 14.79% * Miami: 9,394 | 12% | 27.6% * Jacksonville: 8,254 | 10.54% | 7.53% Both Orlando and Jacksonville have a larger percentage of Florida's permits relative to their percentage of the state's population. Even with the largest volume of permits, Orlando struggles with home affordability. Last week OBJ reported that home affordability has not been this low since 2007. The reason behind Orlando's higher volume of permits? Simply that people want to live here. Of Central Florida's six counties, four were among the top 15 growth areas in Florida between 2020-2022: Osceola, Lake, Volusia and Brevard counties. Below is a chart of Florida counties by population growth from 2020 to 2022. Miami has seen less single-family housing demand because condo/apartment projects are the predominant form of residential living there, and the area is running out of land that homebuilders can use. METHODOLOGY AND EXPLANATION Data comes from reports sent to the U.S. Census Bureau via a survey from local building permit officials. While the numbers give a general idea of the new housing being added to an area, not all permits turn into housing, so the data is an indicator of construction activity rather than the total new construction in the area. -------------------------------------------------------------------------------- Sign up here for our free morning and afternoon daily newsletters. And be sure to follow us on LinkedIn, Facebook, Twitter and Instagram. survey DO YOU USE ARTIFICIAL INTELLIGENCE FOR WORK OR YOUR CAREER? Do you use artificial intelligence for work or your career? RELATED CONTENT * TOP OF THE LIST: CONVENTIONAL MORTGAGE COMPANIES Related: Top of the List: Conventional Mortgage Companies * SEE WHICH NATIONAL BRAND SNAGGED PRIME AREA BED, BATH & BEYOND LEASES Related: See which national brand snagged prime area Bed, Bath & Beyond leases * REGIONAL HOME AFFORDABILITY AMONG THE WORST IN THE STATE, DATA SHOWS Related: Regional home affordability among the worst in the state, data shows * LOCAL CITY CONSIDERS RIGHT OF FIRST REFUSAL FOR VACANT LAND Related: Local city considers right of first refusal for vacant land * CENTRAL FLORIDA URBAN LEAGUE SEEKS NEW CHIEF EXEC Related: Central Florida Urban League seeks new chief exec RECOMMENDED Career & Workplace UCF, Advent Health, Orlando Health among top local employers in Florida, says Forbes Commercial Real Estate New 'condotel' project pitched near Orlando Vineland Premium Outlets, Disney Travel & Tourism Port Canaveral is the only port in Florida near pre-pandemic cruise passengers. Here's why MORE FOR YOU More More For You UCF, ADVENT HEALTH, ORLANDO HEALTH AMONG TOP LOCAL EMPLOYERS IN FLORIDA, SAYS FORBES - ORLANDO BUSINESS JOURNAL UCF, Advent Health, Orlando Health among top local employers in Florida, says Forbes - Orlando Business Journal NEW 'CONDOTEL' PROJECT PITCHED NEAR ORLANDO VINELAND PREMIUM OUTLETS, DISNEY - ORLANDO BUSINESS JOURNAL New 'condotel' project pitched near Orlando Vineland Premium Outlets, Disney - Orlando Business Journal BALFOUR BEATTY UPDATES PROGRESS ON DOWNTOWN ORLANDO UNSTABLE SCAFFOLDING REMOVAL - ORLANDO BUSINESS JOURNAL Balfour Beatty updates progress on downtown Orlando unstable scaffolding removal - Orlando Business Journal LYNX GEARS UP SEARCH FOR NEW $80M SOUTHERN OPERATIONS CENTER SITE - ORLANDO BUSINESS JOURNAL Lynx gears up search for new $80M southern operations center site - Orlando Business Journal PORT CANAVERAL IS THE ONLY PORT IN FLORIDA NEAR PRE-PANDEMIC CRUISE PASSENGERS. HERE'S WHY - ORLANDO BUSINESS JOURNAL Port Canaveral is the only port in Florida near pre-pandemic cruise passengers. Here's why - Orlando Business Journal DEVELOPER BEHIND $1B THE GROW PROJECT SAYS 'LIGHT AT END OF THE TUNNEL' FOR WORK TO BEGIN ON MIXED-USE AGRIHOOD - ORLANDO BUSINESS JOURNAL Developer behind $1B The Grow project says 'light at end of the tunnel' for work to begin on mixed-use agrihood - Orlando Business Journal LATEST PEOPLE ON THE MOVE More Latest People On The Move TONI CARACCIOLO Falcon's Beyond POTM: Toni Caracciolo Featured SUSAN WILBURN Waste Pro USA Inc. 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