BiggerPockets Daily What the Latest Building Permit Trends Say About Builder Confidence
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May 7, 2025 Homebuilder confidence is cooling overall, but certain markets are showing surprising optimism. Explore the latest building permit trends in cities like Orlando and Lafayette, where growth potential and attractions attract investors. Discover how rising construction activity could lead to increased competition in previously overlooked areas. The insights reveal key signals for savvy real estate investment decisions as trends in builder confidence fluctuate across the nation.
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Orlando's Unique Building Appeal
- Orlando shows a surprising builder optimism, nearly doubling Q1 permit volume despite statewide rent declines.
- Its inland location avoids coastal insurance risks, making it attractive for long-term growth and investment.
Lafayette's Permit Boom Caution
- Lafayette, Indiana, is growing fast with Q1 permits nearing prior full-year records.
- However, investors should watch demand closely to avoid absorption challenges.
Columbus Stays Investor Favorite
- Columbus, Ohio remains a popular investor target with over 4,000 units permitted this year.
- Continued supply growth signals growing competition but also opportunities in a strong Midwestern market.