Residential Building Permits Summary
According to the latest data from the US Bureau of the Census on housing units authorized by building permits, New Jersey had 2,686 units approved for construction in August. This is 1,296 more permits than the 1,390 issued in August 2012. The increase resulted from gains in authorizations for multi-family (+1,058 units) and single-family (+238 units) housing.
Over the month, the number of residential units authorized for construction increased by 441 units or 19.6 percent compared with July’s revised total of 2,245. The gain was the result of more approvals of multi-family units in August. Compared to July, permitting for residences in multi-family structures went up over-the-month by 553 units or 44.1 percent while approvals for single-family houses declined by 112 units or 11.3 percent. Permitting for multi-family units typically fluctuates more from month to month than approvals for single-family homes. Of the units for which permits were issued in August, 63.7 percent (1,808) were multi-family and 32.7 percent (878) were single-family.
Hudson County led the state with the most issuances of building permits with a total of 539. Of these, 528 were for units in multi-family structures and 11 were for single-family residences. Of the multi-family units, 223 were proposed for Hoboken and 107 were authorized for Secaucus.
The second-ranking county was Gloucester, with a total of 321 units, including 274 multi-family units and 47 single-family units. Multi-family approvals were concentrated in Monroe (216 units) and Woolwich townships (55 units).
In third place was Bergen County where 271 units were authorized, including 200 units in multi-family structures and 71 single-family houses. Lyndhurst Township (61 units) and East Rutherford borough (55 units) led the county’s 70 municipalities in authorizations of multi-family units. The remaining approvals for single family and multi-family units were scattered across the balance of the county.
Ranking fourth among the state’s 21 counties was Camden with a total of 255 units, including 230 in multi-family structures and 25 single-family houses. The largest number of units was approved in Camden (140), all in multi-family housing. In fifth place was Ocean County where 219 units were authorized, including 193 single-family houses and 26 units in multi-family structures. The municipality in the county with the most units approved was Lakewood Township with a total of 100 including 76 single-family structures and 24 multi-family units.
New Jersey’s total of 15,820 units authorized through August 2013 was up by 4,400 units or 38.5 percent compared to the August 2012 total of 11,420. The year-to-date total reflects homebuilding in the northern part of the state as two counties (Hudson and Bergen) accounted for 25.7 percent of the statewide total. Hudson County tops the list with 2,333 permit issues of which 2,274 were for multi-family units and 59 were for single-family units. Bergen County ranked second, with a total of 1,731 units, of which 1,171 were multi-family and 554 were single-family. The top municipality in the state for approvals is Jersey City in Hudson County (891), including 884 units in multi-family housing and seven single-family houses. Through August 2013, 9,372 multi-family units were authorized (59.2%) in the state. The remaining 9,372 units were in single-family structures (40.8%).
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).