Residential Building Permits Summary
New Jersey Residential Building Permits
According to the latest data from the US Bureau of the Census on housing units authorized by building permits, New Jersey had 2,226 units approved for construction in November. This is 424 more approvals than the 1,802 issued in November 2014. This 23.5% gain was the result of an increase in authorizations of units in multi-family (+377 units or +37.4%) and single-family structures (+47 units or +5.9%).
Over the month, the number of housing units authorized for construction declined by 599 units or 21.2 percent compared with October’s revised total of 2,825. This resulted from losses in authorizations of units in multi-family structures (-568 units or -29.1%) and single-family houses (-31 units or -3.6%). Approvals of multi-family units often vary widely from month to month because many are produced in large batches for housing developments or apartment complexes. Of the units for which permits were issued in November, 62.3 percent (1,386) were multi-family and 37.7 percent (840) were single-family.
Hudson County led the state with the most issuances of building permits with a total of 433. Of these, 402 units were in multi-family structures and 31 were for single-family houses. Approvals were concentrated in West New York, where 279 units were authorized, all in multi-family buildings.
In second place among the state’s 21 counties was Bergen, where permits were issued for 263 units including 172 multi-family residences and 91 single-family houses. The municipalities with the most approvals were Fort Lee (43) and Englewood (42). In Fort Lee, 42 multi-family units and one single-family house were proposed, and all of the units authorized by Englewood were multi-family.
The third-ranking county was Ocean, with a total of 182 approvals, including 176 single-family houses and six multi-family units. Lakewood Township led the county’s municipalities in authorizations with a total of 71 units, including 67 single-family residences and four units of multi-family housing.
Ranking fourth was Somerset County, where a total of 177 units were authorized including 139 in multi-family buildings and 38 single-family houses. Most (99) of the approvals were in Hillsborough Township where 96 multi-family units and three single-family houses were approved. In fifth place was Middlesex County with a total of 150 units including 80 in multi-family structures and 70 single-family houses. The municipalities with the most approvals were South Plainfield (32) and South Brunswick Township (30). All of the housing proposed for South Plainfield was multi-family while all of the permits issued in South Brunswick Township were for single-family houses.
Nationally, the issuance of building permits on a not seasonally adjusted basis declined by 8,140 or 8.3 percent over the month from 98,213 in October 2015 to 90,073 in November 2015. Across the United States, building permits went up over the year by 18,823 or 26.4 percent from November 2014 when issuances stood at 71,250. For the month of November 2015, single-family houses accounted for 54.7 percent of the units authorized, while 45.3 percent were in multi-family structures.
Middlesex County (2,692 units) ranked second in the state for the most residences authorized. Of the units approved, 1,943 were multi-family and 749 were single-family houses. The county is located in the central part of the state, a region hosting Rutgers and Princeton universities and is noted as a center for the pharmaceutical and healthcare industries.
The New Jersey municipality with the most permit issues this year was Jersey City in Hudson County with a total of 2,595 units, including 2,346 units in multi-family housing as well as 249 single-family houses. Situated across from Manhattan, Jersey City is a desirable place to live for workers employed in the nation’s largest city. In second place was New Brunswick in Middlesex County with a total of 892 issuances including 885 units in multi-family structures and seven single-family houses. It is home to the main campus of Rutgers University where the student population is an important source of housing demand. Ranking third is Bloomfield Township in Essex County. The township approved a total of 740 units, including 523 in multi-family structures as well as 217 single-family houses. Fourth place was held by Hoboken in Hudson County where a total of 739 units were approved, including 738 multi-family residences and one single-family house.
Across the United States, 1,079,572 units were authorized on a not seasonally adjusted basis year-to-date through November 2015. This represents a gain of 127,268 units or 13.4 percent over the level of November 2015 (952,304). Through November 2015, 59.2 percent of the units authorized were single-family. The remaining 40.8 percent were multi-family.
Detailed residential building permit data for New Jersey, its counties, as well as all 565 municipalities are available from the New Jersey Department of Labor and Workforce Development on the Internet (http://lwd.dol.state.nj.us/labor/lpa/LMI_index.html).