Thursday, August 16, 2012

Single-family permits up in all metro counties in 2012

Of the 5,083 new single-family permits issued during the first six months of 2012, almost half of them (47 percent) were issued in El Paso, Douglas and Larimer counties alone. According to new single-family June permit data by county, released by the Census Bureau, the counties with the largest numbers of single-family permits issued during the first six months of 2012 were El Paso, Douglas, and Larimer, with El Paso reporting more single-family permits during the period than any other county.

See here for recent posts about building permits.

New single-family permits during January-June 2012
El Paso 1,108
Douglas 739
Larimer  522

Arapahoe 423
Boulder 117
Broomfield 42
Chaffee 59
Elbert 22
Jefferson 379
Mesa 179
Park 32
Pueblo 95
Summit 15
Weld  470
Teller 21

(Note: All permits discussed in this article are single-family permits.)

However, when permit totals are adjusted to the number of existing housing units in each county, the counties with the larges amounts of permit activity were Douglas, Weld and Chaffee counties.These three counties have reported the highest permitting rate for several months.

New single-family permits per household (x1000):

Chaffee 8.3
Douglas 7.3
Weld 5.2
El Paso 4.9
Park 4.7
Larimer 4.5
Mesa 3.0
Elbert 2.7
Teller 2.3
Adams 2.1
Broomfield 2.0
Denver 1.9
Arapahoe 1.8
Jefferson 1.7
Routt 1.6
Pueblo 1.5
Summit 1.2
Boulder 0.9

During the first four months of 2012, the metro counties with few new single-family permits relative to the size of the existing stock are Pueblo, Jefferson, Arapahoe, and Boulder counties.

It is also helpful to see which counties have shown the largest increases and decreases in permit activity. In the list below, we see that comparing January-June 2011 to January-June 2012, several metro counties reported year-over-year increases of 50 percent or more. No metro counties reported decreases.

Largest increases among metro counties:
Broomfield 147 percent
Douglas 82 percent
Jefferson 69 percent
Weld 57 percent
Larimer 53 percent

Smallest increases among metro counties:
Adams 19 percent
Mesa 30 percent
Pueblo 35 percent

Arapahoe 40 percent
Boulder 46 percent
Denver 46 percent
El Paso 47 percent