As Florida’s real estate market stabilizes following the post-COVID building and buying frenzy, new home construction in Daytona Beach is showing signs of slowing down in the first six months of the year.
From January to June, the City of Daytona Beach issued 447 permits for new single-family homes, representing a combined construction value of $137.1 million. This marks a 23% decrease in permits compared to the same period in 2024.
“The pace of new residential construction has definitely slowed since the peak of the building boom,” said Glen Urquhart, the city’s Chief Building Official. “What we’re seeing now is a return to a more normal and manageable level of activity. Some larger subdivisions are nearing buildout, which naturally contributes to the decrease in permit activity. At the height of the boom, each inspector was handling 40 to 50 inspections a day. Today, it’s closer to 20, which allows for more thorough reviews and a more sustainable workload for our team,” he added.
April saw the highest activity with 123 permits issued. According to Urquhart, the majority of the permits issued were for D.R. Horton’s new Ironwood subdivision on the east side of LPGA Boulevard and Phase II of the Cottages at Daytona Beach on North Williamson Boulevard. March had the lowest number of permits issued with just 35.
While building permits have declined, the real estate market remains active. According to Redfin’s most recent housing market report, the median sales price for homes in Daytona Beach was $329,400 in June, a 6% increase from the previous year. On average, homes in Daytona Beach sell after 82 days on the market, compared to 73 days last year.
There were 146 homes sold in June this year, up from 138 last year.