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 2,248 units approved for construction in June. This is 2,254 fewer permits than the 4,502 issued in June 2015. This 50.1 percent loss resulted from fewer authorizations of units in multi-family (-2,084 units or -59.6%) structures and single-family houses (-170 units or -16.9%).
Over the month, the number of units authorized for construction rose by 209 units or 10.3 percent compared with May’s revised total of 2,039. This resulted from gains in approvals of multi-family residences (+173 units or +13.9%) and single-family houses (+36 units or +4.5%). Of the units for which permits were issued in June, 62.9 percent (1,414) were multi-family and 37.1 percent (834) were single-family.
Hudson County led the state with the most issuances of building permits with a total of 478. Of these, 466 units were in multi-family structures and 12 were single-family houses. Weehawken Township led the county’s municipalities with 362 approvals. All of these units were multi-family.
In second place among the state’s 21 counties was Essex, where permits were issued for 310 units including 268 in multi-family buildings and 42 single-family houses. The municipalities with the most authorizations were Newark with 66 units followed by Livingston Township with 63 units. All of the units approved in Newark were multi-family, while Livingston authorized 62 multi-family residences and one single-family house.
The third-ranking county was Bergen with a total of 210 approvals, including 115 single-family houses and 95 multi-family units. Lyndhurst Township (22) and Wood-Ridge (20) were the municipalities with the most approvals. Lyndhurst Township authorized 20 residences in multi-family structures and two single-family houses. In Wood-Ridge all of the permitted units were single-family.
Ranking fourth was Middlesex County where a total of 174 units were approved including 88 in multi-family structures and 86 single-family houses. South Brunswick Township led the county’s municipalities in authorizations with 38 units followed by South Plainfield with 33 units. All of the housing authorized in South Brunswick Township were single family houses, while South Plainfield issued permits for 32 units of multi-family housing and one single-family house. Rounding out the list of the state’s top five counties is Morris County with 138 units approved, including 70 multi-family residences and 68 single-family houses. In Wharton, 28 units were proposed and all were in multi-family buildings.
Nationally, the issuance of building permits on a not seasonally adjusted basis rose by 6,718 or 6.2 percent over the month from 107,676 in May 2016 to 114,394 in June 2016. Across the United States, building permits went down over the year by 19,696 or 14.7 percent from June 2015, when issuances stood at 134,090. For the month of June 2016, single-family houses accounted for 65.3 percent of the units authorized, while 34.7 percent were in multi-family structures.
New Jersey’s total of 13,681 units authorized year-to-date through June 2016 declined by 2,753 or 16.8 percent compared to the June 2015 total of 16,434. The northern part of the state remains an important driver of housing demand in New Jersey as two counties (Hudson and Bergen) combined approved 3,487 units through June 2016 and were responsible for 25.5 percent of the statewide total. Hudson County ranked first among the state’s 21 counties and issued permits for 1,801 units, including 1,700 in multi-family structures and 101 single-family houses. Second-ranking Bergen County approved 1,686 units, including 1,165 multi-family residences and 521 single-family houses.
Ocean County (1,504 units) ranked third in the state for the most residences authorized. Of the units approved, 958 were single-family and 546 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 1,026 units, including 951 of multi-family housing as well as 75 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 483 issuances, including 475 units in multi-family structures and eight single-family houses. Ranking third is Weehawken Township in Hudson County with 362 units, all in multi-family housing.
Across the United States, 585,609 units were authorized on a not seasonally adjusted basis year-to-date through June 2016. This represents a loss of 5,231 units or -0.9 percent over the level of June 2015 (590,840). Through June 2016, 64.7 percent of the units authorized were single-family. The remaining 35.3 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).