New documents reveal slowed growth in the number of permits issued to East End developers

TRD New York /
Feb.February 06, 2019 11:19 AM

Housing inventory in the Hamptons has surged in recent years, and now developers have filed fewer permits for “building, renovations, demolitions, electrical work, coastal erosion mitigation and renewals,” among other matters, according to 27east, which obtained documents under New York State’s Freedom of Information Law. Across the South Fork, the number of new permits rose just 2 percent last year when compared to 2017, a much slower growth rate than the two years prior, the outlet reported. In 2018, signs of building bounced back in most East End villages, with the biggest decreases in Southampton (down 3 percent) and East Hampton (down 1 percent), according to 27east. The slowdown comes as Nassau and Suffolk counties gained about 10,100 construction jobs between late 2017 and late 2018, according to numbers recently released by the Associated General Contractors of America, a trade association. Long Island Business News reported that represents a 13 percent increase over the previous year, bringing the total number of those employed in construction for both Long Island counties to 89,700. [27east]


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash
A new report finds that Hamptons prices skyrocketed as demand outpaced supply this year (iStock)

Report details Hamptons rental boom

Report details Hamptons rental boom
Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

Ron Perelman mulls listing Hamptons estate for $180M

Ron Perelman mulls listing Hamptons estate for $180M
Renters continue their tri-state bookings, eliminating the post-Labor Day slowdown (iStock)

In Hamptons and elsewhere, season no longer ends on Labor Day

In Hamptons and elsewhere, season no longer ends on Labor Day
32 Windmill Lane and Andrew Saunders (Realtor)

Hefty prices, robust sales: Hamptons market thrives in Q2

Hefty prices, robust sales: Hamptons market thrives in Q2
Chopper ride-sharing services are seeing increased demand for Hamptons helicopter route as wealthy New Yorkers book commutes to Manhattan (Illustration by The Real Deal; iStock)

Chopper rides from Hamptons fly off the shelves as Covid changes plans

Chopper rides from Hamptons fly off the shelves as Covid changes plans
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
Corcoran's Pam Liebman and Bespoke's Cody and Zachary Vichinsky. Inset (clockwise from left) Zibby Schwarzman, Vera Wang, Barry Weiss, Mohammed Grimeh, and Ian Snow (Getty, Abana, Wikipedia Commons; Liebman by Sasha Maslov)

Corcoran exposes Bespoke’s little black book in Hamptons legal battle

Corcoran exposes Bespoke’s little black book in Hamptons legal battle
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...