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 1,740 units approved for construction in January. This is 317 fewer permits than the 2,057 issued in January 2014. This decline occurred because fewer approvals were issued for units in multi-family (-242 units or -19.5%) and single-family (-75 units or 9.2%) structures in the current year.
Over the month, the number of housing units authorized for construction declined by 201 units or 10.4 percent compared with December 2014’s total of 1,941. Declines took place in approvals of multi-family (-124 units or -11.1 %) and single-family (-77 units or -9.4 percent) residences. Approvals for multi-family units tend to fluctuate more from month to month than permitting for single-family houses. This is because multi-family units are often authorized in large batches. Of the units for which permits were issued in January, 57.4 percent (998) were multi-family and 42.6 percent (742) were single-family.
Bergen County led the state with the most issuances of building permits with a total of 215. Of these, 141 were for units in multi-family structures and 74 were for single-family houses. Leading the county’s 70 municipalities in approvals was Lyndhurst Township with a total of 39 units, including 38 multi-family units and one single-family house. The second-ranking municipality was East Rutherford with 21 units authorized, all in multi-family housing.
In second place was Hudson County where 196 units were authorized, including 103 units in multi-family structures and 93 single-family houses. The top ranking municipalities in the county were Jersey City (91) and Secaucus (60). In Jersey City all the residences authorized were single-family houses. Secaucus’s authorizations included 59 multi-family units and one single-family house.
The third ranking county was Union, with a total of 185 approvals, including 164 multi-family residences and 21 single-family houses. The municipality with the most authorizations was New Providence with 113 units, all in multi-family structures. Ranking fourth among the state’s 21 counties was Ocean with 174 units, including 137 single-family houses and 37 multi-family units. The most authorizations were recorded in Lakewood (36) and Jackson (31) townships. In Lakewood Township approvals were granted for 28 single-family houses and eight units of multi-family housing. Jackson Township permitted 22 multi-family units and nine single-family houses.
The fifth place county was Middlesex, where 172 units were authorized, including 107 in multi-family structures and 65 single-family houses. Monroe and Old Bridge townships were tied with the most approvals with 45 units each. In Monroe Township, 37 single-family houses and eight multi-family units were allowed. Old Bridge Township approved 40 units in multi-family structures and five single-family houses.
Nationally, the issuance of building permits on a not seasonally adjusted basis declined by 13,432 or 16.1 percent over the month from 83,457 in December 2014 to 70,025 in January 2015. Across the United States, building permits were up over the year by 5,060 or 7.8 percent from January 2014. For the month of January 2015, single-family houses accounted for 62.1 percent of the units authorized while 37.9 percent were multi-family.
Across the United States, 1,038,491 units were authorized on a not seasonally adjusted basis year-to-date through December 2014. This represents a gain of 62,122 or 6.4 percent over the level of December 2013 (976,369). Through December 2014, 60.7 percent of the units authorized were single-family. The remaining 39.3 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).