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

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
(Getty)
Summer camps can reopen, but much remains unknown
Summer camps can reopen, but much remains unknown
Philip Falcone with his wife Lisa Marie Falcone and their Manhattan home. (Getty, Christie's Real Estate)
Hedge funder Philip Falcone may lose UES, Hamptons homes
Hedge funder Philip Falcone may lose UES, Hamptons homes
Chris Whittle and his East Hampton estate (Photos via Trulia and Meridian)
Education entrepreneur relists East Hampton estate for $95M
Education entrepreneur relists East Hampton estate for $95M
The lack of inventory has caused prices to skyrocket.  (Getty)
Suburban home inventory is depleted, but demand rages
Suburban home inventory is depleted, but demand rages
Long Island homes are flying off the market. (Getty)
Long Island home sales spike in Q4
Long Island home sales spike in Q4
Lewis Road Residential Planned Development (Pine Barrens, iStock)
Big golf, resi project in East Quogue approved
Big golf, resi project in East Quogue approved
Nir Meir Asks Court to Stop Eviction (Google Maps)
Nir Meir seeks to throw out Hamptons ejection suit
Nir Meir seeks to throw out Hamptons ejection suit
arrow_forward_ios

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

Loading...