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 1,594 units approved for construction in October. This is 1,180 fewer units than the 2,774 authorized in October 2015. This 42.5 percent loss was the result of fewer authorizations of units in multi-family structures (-1,145 units or -60.3%) and single-family houses (-35 units or -4.0%).
Over the month, the number of units authorized for construction fell by 411 units or 20.5 percent compared with September’s revised total of 2,005. This resulted from losses in approvals of multi-family residences (-505 units or -40.1 percent) partially offset by gains in authorizations of single-family houses (+94 units or 12.6 percent). 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 October, 52.6 percent (839) were single-family and 47.4 percent (755) were multi-family.
Essex County led the state with the most issuances of building permits with a total of 189. Of these, 135 units were in multi-family structures and 54 were single-family houses. Newark led the county’s municipalities with 46 approvals, including 41 units in multi-family buildings and five single-family houses.
In second place among the state’s 21 counties was Ocean, where permits were issued for 185 units including 141 in single-family houses and 44 multi-family buildings. Toms River Township was the municipality with the most approvals (55 units). This included 31 single-family houses and 24 multi-family units.
The third-ranking county was Middlesex with a total of 169 approvals, including 109 multi-family residences and 60 single-family houses. The municipality with the most authorizations was Woodbridge Township, where 50 units were allowed. These included 48 units of multi-family housing and two single-family houses.
Ranking fourth was Bergen County where a total of 156 units were approved including 111 single-family houses and 45 multi-family residences. Authorizations were scattered among the 70 municipalities in the county. Rounding out the list of the state’s top five counties is Morris County with 155 units approved. Of these, 94 were multi-family and 61 were single-family. Approvals were concentrated in Mount Olive Township where 63 units were allowed, including 57 in multi-family structures and six single-family houses.
Nationally, the issuance of building permits on a not seasonally adjusted basis fell by 7,021 units or -6.5 percent over the month from 107,723 in September 2016 to 100,702 in October 2016. Across the United States, building permits went up over the year by 2,489 or 2.5 percent from October 2015, when issuances stood at 98,213. For the month of October 2016, single-family houses accounted for 61.1 percent of the units authorized, while 38.9 percent were in multi-family structures.
New Jersey’s total of 21,599 units authorized year-to-date through October 2016 was down by 4,093 or 15.9 percent compared to the October 2015 total of 25,692. The northern part of the state remains an important driver of housing demand in New Jersey as two counties (Hudson and Bergen) combined approved 5,531 units through October 2016 and were responsible for 25.6 percent of the statewide total. Hudson County ranked first among the state’s 21 counties and issued permits for 2,846 units, including 2,607 in multi-family structures and 239 single-family houses. Second-ranking Bergen County approved 2,685 units, including 1,787 multi-family residences and 898 single-family houses. Year-to-date through October 2016, 62.4 percent of the units authorized in the state were multi-family, while 37.6 percent were single-family.
Ocean County ranked third in the state for the most residences authorized. Of the units approved, 1,580 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 1,186 units, including 1,055 in multi-family structures and 131 single-family houses. Secaucus ranked second with a total of 614 issuances, including 606 units in multi-family buildings and eight single-family houses. In third place was Lakewood Township in Ocean County which approved 555 units, including 403 single-family houses and 152 multi-family residences.
Across the United States year-to-date through October 2016, permit approvals totaled 1,002,139 units. Compared with the same period last year authorizations rose by 11,112 units or 1.1 percent, when 991,027 units were authorized year-to-date through October 2015. Through October 2016, 63.4 percent of the units authorized were single-family. The remaining 36.3 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).