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 2,047 units approved for construction in December. This is 383 more permits than the 1,664 issued in December 2012. The increase was mainly the result of more approvals for single-family homes (+201 units or 32.1%), although the number of residences authorized in multi-family buildings (182 units or 17.6%) also increased substantially. This gain was largely due to an improving housing market as more people are purchasing new houses.
Over the month, the number of residential units authorized for construction rose by 262 units or 14.7 percent compared with November’s revised total of 1,785. The gain was the result of more approvals of multi-family units in December. Compared to November, permitting for units in multi-family structures increased by 352 units or 40.6 percent while approvals for single-family houses dipped by 90 units or 9.8 percent. It is normal for the pace of single-family housing approvals to slow down somewhat toward the end of the year because it is more difficult to build homes during the winter months and because fewer people are interested in moving during the colder part of the year. Of the units for which permits were issued in December, 67.9 percent (1,219) were multi-family and 32.1 percent (867) were single-family.
Union County led the state with the most issuances of building permits with a total of 257. Of these, 232 were for units in multi-family structures and 25 were for single-family houses. Cranford Township led the county’s municipalities with 164 approvals, 163 of which were multi-family units.
In second place was Camden County where 254 units were authorized, including 240 units in multi-family structures and 14 single-family houses. Camden led the county in approvals (189), all of which were units in multi-family structures.
The third ranking county was Hudson, with a total of 245 units, including 165 multi-family units and 80 single-family units. The municipality with the most units authorized was Secaucus with 106, including 104 in multi-family structures and two single-family houses. In second place was Jersey City with 84 units, including 76 in single-family structures and 8 multi-family units.
Ranking fourth among the state’s 21 counties was Bergen with 207 units, including 165 in multi-family structures and 80 single-family houses. The largest number of units was approved in Cliffside Park (51), including 49 in multi-family structures and two single-family houses. In fifth place was Ocean County where 157 units were authorized, including 145 single-family houses and 12 units in multi-family structures. The municipality with the most units approved was Stafford Township (25), all of them single-family houses.
Nationally, the issuance of building permits on a not seasonally adjusted basis rose by 3,763 or 5.2 percent over the month from 71,721 in November 2013 to 75,485 in December 2013. In October 2013, 90,341 permits were issued. Across the United States, building permits were up over the year by 10,360 or 15.9 percent from December 2012. For the month of December 2013, single family houses accounted for 52.8 percent of the units authorized while 47.2 percent were multi-family units.
New Jersey’s total of 24,270 units authorized through December 2013 was up by 6,331 units or 35.3 percent compared to the December 2012 total of 17,939. The year-to-date total reflects homebuilding in the northern part of the state as two counties (Hudson and Bergen) accounted for 26.0 percent of the statewide total. Hudson County tops the list with 3,491 permit issues of which 3,248 were for multi-family units and 243 were for single-family units. Bergen County ranked second, with a total of 2,812 units, of which 1,956 were multi-family and 856 were single-family. The top municipality in the state is Jersey City in Hudson County (1,622), including 1,449 units in multi-family housing and 173 single-family houses. Through December 2013, 13,838 multi-family units were authorized (57.0%) in the state. The remaining 10,434 units were in single-family structures (43.0%).
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).