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 1,847 units approved for construction in November. This is 414 fewer units than the 2,261 authorized in November 2015. This 18.3 percent loss was the result of fewer authorizations of units in multi-family structures (-380 units or -27.7%) and single-family houses (-34 units or -3.8%).
Over the month, the number of units authorized for construction rose by 277 units or 17.6 percent compared with October’s revised total of 1,570. This resulted from gains in approvals of multi-family residences (+267 units or 36.9%) and single-family houses (+10 units or 1.2%). 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, 53.7 percent (991) were multi-family and 43.6 percent (856) were single-family.
Monmouth County led the state with the most issuances of building permits with a total of 423. Of these, 348 units were in multi-family structures and 75 were single-family houses. Approvals were concentrated in Aberdeen Township where 337 units were authorized, all in multi-family housing.
In second place among the state’s 21 counties was Hudson, where permits were issued for 190 units including 120 in multi-family buildings and 70 single-family houses. Jersey City was the municipality with the most approvals (113 units). This included 67 single-family houses and 46 multi-family residences.
The third-ranking county was Bergen with a total of 183 approvals, including 94 single-family houses and 89 multi-family units. Garfield led the county’s municipalities in authorizations with a total of 50 units, all in multi-family structures.
Ranking fourth was Ocean County, where permits were issued for 177 units, including 175 single-family houses and two multi-family residences. Of the county’s municipalities, Lakewood Township approved the most units (46). These were all single-family houses. Rounding out the list of the state’s top five counties is Middlesex County with 166 units approved. Of these, 99 were multi-family and 67 were single-family. South Amboy led the county’s municipalities with 48 units authorized, all in multi-family structures.
Nationally, the issuance of building permits on a not seasonally adjusted basis fell by 9,448 units or -9.4 percent over the month from 100,702 in October 2016 to 91,254 in November 2016. Across the United States, units authorized by building permits went up over the year by 1,181 or 1.3 percent from November 2015, when issuances stood at 90,073. For the month of November 2016, single-family houses accounted for 61.2 percent of the units authorized, while 38.8 percent were in multi-family buildings.
New Jersey’s total of 23,768 units authorized year-to-date through November 2016 was down by 4,128 or 14.8 percent compared to the November 2015 total of 27,896. The northern part of the state remains an important driver of housing demand in New Jersey as two counties (Hudson and Bergen) combined approved 5,952 units through November 2016 and were responsible for 25.0 percent of the statewide total. Hudson County ranked first among the state’s 21 counties and issued permits for 3,058 units, including 2,749 in multi-family structures and 309 single-family houses. Second-ranking Bergen County approved 2,894 units, including 1,900 multi-family residences and 994 single-family houses. Year-to-date through November 2016, 62.1 percent of the units authorized in the state were multi-family, while 37.9 percent were single-family.
Ocean County ranked third in the state for the most residences authorized. Of the units approved, 1,756 were single-family and 717 were multi-family. The county is located along the Atlantic coast in the central part of the state and is favored by people who want to vacation or retire at the shore.
Of the top three municipalities in the state for housing unit authorizations, the first two were located in Hudson County. In first place was Jersey City with a total of 1,327 units, including 1,129 in multi-family structures and 198 single-family houses. Secaucus ranked second with a total of 616 issuances, including 608 units in multi-family buildings and eight single-family houses. In third place was Lakewood Township in Ocean County which approved 601 units, including 449 single-family houses and 152 multi-family residences.
Across the United States year-to-date through November 2016, permit approvals totaled 1,096,905 units. Compared with the same period last year authorizations rose by 17,333 units or 1.6 percent, when 1,079,572 units were authorized year-to-date through November 2015. Through November 2016, 63.0 percent of the units authorized were single-family. The remaining 37.0 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).