The number of single-family home building permits issued in August saw an uptick that bucked a recent downtrend trend on the First Coast.
Data from the Northeast Florida Builders Association shows 1,180 permits were issued in August, increasing from a relative recent low of 940 permits in July, a low that had not been seen since May 2020. Although August showed an increase in the number of permits pulled month-over-month, it remains the second lowest month of the year.
For the first eight months of the year, Clay, Duval, Nassau and St. Johns counties issued 9,942 permits compared to 11,183 during the same time period in 2021, representing a more-than-11% decrease. If this trend continues throughout the remainder of the year, 2022 will see fewer permits issued than in 2021, the first time there has been a year-over-year decrease since the end of the Great Recession.
Duval County issued the most permits in August with 576, with St. Johns County right behind at 355. Clay and Nassau counties each issued 109 and 140 permits, respectively. The last several years of permit data shows the continuation of growing demand for new homes in the First Coast area.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Source: JaxBizJournal - 🏆 599. / 51 Read more »