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 1,588 units approved for construction in July. This is 565 fewer permits than the 2,153 issued in July 2015. This 26.2 percent loss resulted from fewer authorizations of units in multi-family structures (-338 units or -29.4%) and single-family houses (-227 units or -22.6%).
Over the month, the number of units authorized for construction fell by 893 units or 36.0 percent compared with June’s revised total of 2,481. This resulted from losses in approvals of multi-family residences (-771 units or -48.7%) and single-family houses (-122 units or -13.6%). 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 July, 51.1 percent (812) were multi-family and 48.9 percent (776) were single-family.
Ocean County led the state with the most issuances of building permits with a total of 187. Of these, 162 units were single-family houses and 25 were in multi-family structures. Lakewood Township led the county’s municipalities with 86 approvals. All of these units were single-family.
In second place among the state’s 21 counties was Mercer, where permits were issued for 145 units including 132 in multi-family buildings and 13 single-family houses. Ewing Township was the municipality in the county with the most approvals (132 units). All of the units proposed were multi-family.
The third-ranking county was Morris with a total of 130 approvals, including 73 multi-family residences and 57 single-family houses. The municipality with the most authorizations was Madison, where 30 units were allowed. All of this housing was in multi-family structures.
Ranking fourth was Essex County where a total of 119 units were approved including 86 in multi-family structures and 33 single-family houses. Bloomfield Township led the county’s municipalities in authorizations with 35 units, including 18 multi-family residences and 17 single-family houses. Rounding out the list of the state’s top five counties is Bergen County with 117 units approved. Of these, 61 were single-family houses and 56 were in multi-family buildings. Approvals were scattered among the county’s 70 municipalities.
Nationally, the issuance of building permits on a not seasonally adjusted basis declined by 19,269 over the month from 114,394 in June 2016 to 95,125 in July 2016. Across the United States, building permits went down over the year by 6,899 or 6.8 percent from July 2015, when issuances stood at 102,024. For the month of July 2016, single-family houses accounted for 64.2 percent of the units authorized, while 35.8 percent were in multi-family structures.
New Jersey’s total of 15,546 units authorized year-to-date through July 2016 was down by 3,474 or 18.3 percent compared to the July 2015 total of 19,020. The northern part of the state remains an important driver of housing demand in New Jersey as two counties (Hudson and Bergen) combined approved 3,700 units through July 2016 and were responsible for 23.8 percent of the statewide total. Hudson County ranked first among the state’s 21 counties and issued permits for 1,913 units, including 1,729 in multi-family structures and 184 single-family houses. Second-ranking Bergen County approved 1,787 units, including 1,209 multi-family residences and 578 single-family houses.
Ocean County (1,708 units) ranked third in the state for the most residences authorized. Of the units approved. 1,137 were single-family and 571 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 is Jersey City in Hudson County with a total of 1,053 units, including 969 of multi-family housing as well as 84 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 488 issuances, including 475 units in multi-family structures and 13 single-family houses. Ranking third is Lakewood Township in Ocean County with 365 units, including 315 multi-family residences and 50 single-family buildings.
Across the United States, 681,660 units were authorized on a not seasonally adjusted basis year-to-date through July 2016. This represents a loss of 10,472 units or 1.5 percent over the level of July 2015 (692,132). Through July 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).