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 2,211 units approved for construction in April. This is 624 fewer permits than the 2,835 issued in April 2015. This 22.0 percent loss resulted from fewer authorizations of units in multi-family (-499 units or -28.2%) structures and single-family houses (-125 units or -11.7%).
Over the month, the number of units authorized for construction fell by 34 units or 1.5 percent compared with March’s revised total of 2,245. This resulted from losses in authorizations of single-family houses (-123 units or -11.6%), which was partially offset by gains in approvals of multi-family units (+89 units or +7.5%). Of the units for which permits were issued in April, 57.4 percent (1,270) were multi-family and 42.6% (941) were single-family.
Morris County led the state with the most issuances of building permits with a total of 431. Of these, 381 units were in multi-family structures and 50 were single-family houses. Morristown led the county’s municipalities with 185 approvals, followed by Morris Plains with 132 units. All of these units were in multi-family structures.
In second place among the state’s 21 counties was Somerset, where permits were issued for 294 units including 249 in multi-family buildings and 45 single-family houses. The municipality with the most authorizations was Franklin Township where 226 units were approved including 210 multi-family residences and 16 single-family houses.
The third-ranking county was Union with a total of 232 approvals, including 208 multi-family units and 24 single-family houses. Approvals were centered in Elizabeth where 144 units were authorized, all in multi-family structures. Ranking fourth was Essex County where a total of 229 units were approved including 180 multi-family residences and 49 single-family houses. Livingston Township led the county’s municipalities in authorizations with 63 units including 62 in multi-family housing and one single-family house. In North Caldwell, 60 units were proposed, all in multi-family structures. Middlesex County ranked fifth with 194 approvals, including 148 single-family houses and 46 multi-family units. Woodbridge Township led the county’s municipalities with 64 approvals. All of the units were single-family houses.
Nationally, the issuance of building permits on a not seasonally adjusted basis rose by 1,971 or 2.0 percent over the month from 97,717 in March 2016 to 99,688 in April 2016. Across the United States, building permits went down over the year by 5,137 or 4.9 percent from April 2015, when issuances stood at 104,825. For the month of April 2016, single-family houses accounted for 68.2 percent of the units authorized, while 31.8 percent were in multi-family structures.
New Jersey’s total of 8,885 units authorized year-to-date through April 2016 was up by 428 or 5.1 percent compared to the April 2015 total of 8,457. The northern part of the state remains an important driver of housing demand in New Jersey as two counties (Bergen and Hudson) combined approved 2,196 units through April 2016 and were responsible for 24.7 percent of the statewide total. Bergen County ranked first among the state’s 21 counties and issued permits for 1,344 units, including 1,027 in multi-family structures and 317 single-family houses. Third-ranking Hudson County approved 852 units, including 790 multi-family residences and 62 single-family houses.
Ocean County (1,218 units) ranked second in the state for the most residences authorized. Of the units approved, 679 were single-family and 539 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 this year is Jersey City in Hudson County with a total of 707 units, including 662 of multi-family housing as well as 45 single-family houses. Situated across from Manhattan, Jersey City is a desirable place to for workers employed in the nation’s largest city. In second place is Fort Lee in Bergen County with a total of 471 issuances, including 467 units in multi-family structures and four single-family houses. Ranking third is Franklin Township in Somerset County with a total of 298 units including 270 units of multi-family housing and 28 single-family houses.
Across the United States, 361,919 units were authorized on a not seasonally adjusted basis year-to-date through April 2016. This represents a gain of 16,198 units or 4.7 percent over the level of April 2015 (345,721). Through April 2016, 64.9 percent of the units authorized were single-family. The remaining 35.1 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).