Permits for private homes in US hit 14-month high

Miami /
Feb.February 16, 2017 02:15 PM

From the New York website: Permits filed in January for private homes across the U.S. soared to the highest level seen in 14 months, according to the latest data from the U.S. Department of Commerce.

The number of permits rose 4.6 percent to a seasonally adjusted annual rate of 1.285 million, the Wall Street Journal reported. Permits for multi-unit homes climbed 19.8 percent, while single-family permits dropped 2.7 percent.

Meanwhile, housing starts declined 2.6 percent nationwide. In the Northeast, the number of permits issued last month for privately-owned units rose 71.3 percent year-over-over.

An analysis by The Real Deal last month found that approved residential construction permits and new permit applications in New York City plunged in 2016. The city approved approximately 15,697 new units of housing across the five boroughs last year, a 70 percent drop from 2015’s 51,500 units. The number of permits surged in 2015 largely due to the pending expiration of 421a. [WSJ]  — Kathryn Brenzel


Related Articles

arrow_forward_ios
Reid J. Boren, James W. Harpel, Taylor Collins, and Brad Meltzer (Two Roads Development)
Two Roads hires Plaza Construction’s Brad Meltzer
Two Roads hires Plaza Construction’s Brad Meltzer
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
Tate Capitals' Jimmy Tate and 801 Seabreeze Boulevard in Fort Lauderdale (Tate Capital, Google Maps)
Developer Jimmy Tate’s proposed Bahia Mar project faces more controversy with filing of new lawsuit
Developer Jimmy Tate’s proposed Bahia Mar project faces more controversy with filing of new lawsuit
Jules Trump and Suffolk CEO and chairman John Fish with a rendering of the Estates at Acqualina (Getty, Suffolk, Avra)
Trump Group, Suffolk Construction sue each other over Estates at Acqualina
Trump Group, Suffolk Construction sue each other over Estates at Acqualina
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
The $125 million Grove Central project going up next to the Coconut Grove Metrorail Station (RSM Design)
Top 10 development projects in Miami-Dade in 2021
Top 10 development projects in Miami-Dade in 2021
From left: Alejandro Diaz Bazan, David Solomon, Brett Harris and Ana Bozovic (Andian Group, Brett Harris Homes, Miami Girls, iStock)
Build it and they will come: Resi agents join the South Florida spec home development craze
Build it and they will come: Resi agents join the South Florida spec home development craze
arrow_forward_ios

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

Loading...