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 2,099 units approved for construction in March. This is 412 more permits than the 1,687 issued in March 2015. This 24.4 percent gain resulted from additional authorizations of units in multi-family (+271 units or +32.9%) structures and more approvals of single-family houses (+141 units or +16.3%).
Over the month, the number of housing units authorized for construction fell by 628 units or 23.0 percent compared with February’s revised total of 2,727. This resulted from losses in authorizations of units in multi-family structures (-918 units or -45.6%) which were partially offset by gains in approvals of single-family houses (+290 units or +40.6%). Approvals of multi-family houses 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 March, 52.1 percent (1,094) were multi-family and 47.9 percent (1,005) were single-family.
Ocean County led the state with the most issuances of building permits with a total of 478. Of these, 264 units were single-family houses and 214 units were in multi-family structures. Jackson Township led the county’s municipalities with 193 approvals, including 188 units in multi-family structures and 5 single-family houses. In second place was Lakewood Township where permits were issued for 97 units including 71 single-family houses and 26 multi-family units. Barnegat Township ranked third with 93 units which were all single-family houses.
In second place among the state’s 21 counties was Middlesex, where permits were issued for 206 units including 123 single-family houses and 83 multi-family residences. The municipality with the most authorization was Monroe Township with a total of 67 units including 55 single-family houses and 12 multi-family residences.
The third-ranking county was Bergen with a total of 172 approvals, including 77 multi-family units and 95 single-family houses. Permit issuances were scattered among the county’s 70 municipalities. Ranking fourth was Gloucester County where a total of 171 units were authorized including 122 residences in multi-family structures and 49 single-family houses. Monroe Township led the county’s municipalities in authorizations with a total of 77 units including 72 multi-family dwellings and 5 single-family houses. In fifth place was Essex County where a total of 154 units were approved, including 134 in multi-family housing and 20 single-family houses. The municipalities with the most units proposed were Cedar Grove Township and Maplewood Township with 25 units each. In Cedar Grove Township 24 multi-family units and one single-family house were authorized. All the units proposed for Maplewood Township were multi-family.
Nationally, the issuance of building permits on a not seasonally adjusted basis rose by 13,240 or 15.7 percent over the month from 84,477 in February 2016 to 97,717 in March 2016. Across the United States, building permits went up over the year by 6,382 or 7.0 percent from March 2015 when issuances stood at 91,335. For the month of March 2016, single-family houses accounted for 69.1 percent of the units authorized, while 30.9 percent were in multi-family structures.
New Jersey’s total of 6,448 units authorized year-to-date through March 2016 was up by 1,032 or 19.1 percent compared to the March 2015 total of 5,416. The northern part of the state remains an important driver of housing demand in New Jersey as two counties (Hudson and Bergen) combined approved 2,020 units through March 2016 and were responsible for 31.3 percent of the statewide total. Bergen County ranked first among the state’s 21 counties and issued permits for 1,185 units, including 985 in multi-family structures and 200 single-family houses. Third-ranking Hudson County approved 835 units, including 789 multi-family residences and 46 single-family houses.
Ocean County (952 units) ranked second in the state for the most residences authorized. Of the units approved, 534 were single-family and 418 were multi-family. The county is located along the Atlantic coast in the southern part of the state and is favored by people who want to vacation or retire at the shore.
The New Jersey municipality with the most permit issues this year is Jersey City in Hudson County with a total of 690 units, including 654 of multi-family housing as well as 36 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 is Fort Lee in Bergen County with a total of 470 issuances, including 467 units in multi-family structures and three single-family houses. Ranking third is Absecon in Atlantic County. The city approved a total of 246 units, all in multi-family structures.
Across the United States, 257,405 units were authorized on a not seasonally adjusted basis year-to-date through March 2016. This represents a gain of 16,334 units or 6.8 percent over the level of March 2015 (241,071). Through March 2016, 64.5 percent of the units authorized were single-family. The remaining 35.5 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).