Dec 28 2017 18063 1 ORLANDO CONSTRUCTION

Dec 28 2017 18063 1 ORLANDO CONSTRUCTION

A new report from Dodge Data & Analytics shows Orlando-area construction companies pulled permits valued at $674.07 million in November, an increase of 553.5% compared to $103.14 million in November 2016 value for commercial projects in Orange, Seminole, Osceola and Lake counties.

Area homebuilders didn't do as well in November, pulling permits valued at $346.69 million compared with $356.02 million in the year-ago period, a drop of 3%. Together, commercial and residential construction accounted for $1.02 billion in total project value in November.

Those combined building permit values for the first 11 months of the year were up 122.3% compared to $459.17 million a year ago.

New construction is a huge driver of the local economy, generating both temporary and permanent jobs and bringing new homes into the market to support a growing population. It also serves existing residents and businesses with new space for shops, offices and warehouses, and brings more venues to Orlando’s tourism industry, which drew a record 68 million visitors in 2016.

Typically, the higher the value, the more construction jobs a project general!


Virandeep Birdi Headshot
Author:
Phone: 863-978-7827
Dated: December 28th 2017
Views: 80
About Virandeep: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

SunRail Station Opens Up In Meadow Woods Florida - Dislike I-4 traffic and thinking
JUST SOLD 131 BLOOMINGDALE DRIVE DAVENPORT FL 33897 - SOLD!!!  Congratulations to
Have You Outgrown Your Starter Home - Have You Outgrown Your Starter?
Modern Design Vacation Home In Four Corners - Are you looking for a vacation

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

EXIT Realty Champions
7830 Lake Wilson Road
Davenport, FL
863-292-6217
321-445-5568