February permits pulled ahead of January as expected. Single family permits were above February 2015 by 18%, a very nice increase. The Jacksonville and panhandle areas led the charge.
Multi’s have been down the past couple months versus last year. It’s difficult to say if this is a trend, since permitting is so erratic.
I am reading some conflicting articles. One says that lots construction job openings are going unfilled. Another says that rental costs have reached a critical point and that multi-family housing is overbuilt in some parts of the county. Hopefully, it will bypass Florida for a while.