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GlobeSt.com UPDATE: Construction Definitely Slows, Two Reports Show

ORLANDO-The area ranks seventh in the nation on building permits pulled for multifamily and single-family dwellings, down from second place two years ago, a new University of Central Florida study shows.

By Alex Finkelstein | Updated on July 02, 2001

ORLANDO-Construction starts are down in multifamily and office product and probably will stay down for the rest of the year, two new separate studies indicate.

Orlando ranks seventh in the country in first-quarter starts on multifamily and single-family dwellings, trailing Las Vegas, Atlanta, Phoenix-Mesa, Raleigh-Durham-Chapel Hill, West Palm Beach-Boca Raton and Charlotte-Gastonia-Rockhill.

The ranking by the Dr. Phillips Institute for the Study of American Business Activity at the University of Central Florida is based on building permits pulled per 1,000 non-agriculture jobs in 61 metro area having nonfarm payroll work forces of at least 500,000 jobs.

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