Friday, September 14, 2012

El Paso again surpasses all other counties for new single-family permits

Of the 6,048 new single-family permits issued during the first seven months of 2012, almost half of them (46 percent) were issued in El Paso, Douglas and Larimer counties alone. According to new single-family July 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-July 2012
El Paso 1,301
Douglas 899
Larimer  617

Adams 411
Arapahoe 517
Boulder 135
Broomfield 53
Chaffee 68
Denver 580
Elbert 26
Jefferson 454
Mesa 197
Park 36
Pueblo 106
Routt 23
Teller 23
Weld 587

(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 (x.001):

Chaffee 9.6
Douglas 8.8
Weld 6.5
El Paso 5.7
Park 5.2
Larimer 5.3
Mesa 3.3
Elbert 3.2
Teller 2.6
Adams 2.6
Broomfield 2.6
Arapahoe 2.3
Jefferson 2.1
Denver 2.1

During the first seven months of 2012, the metro counties with few new single-family permits relative to the size of the existing stock are Pueblo, Jefferson, Denver, 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-July 2011 to January-July 2012, several metro counties reported year-over-year increases of 50 percent or more. No metro counties reported decreases.

Largest increases among metro counties:

Douglas 85 percent
Jefferson 70 percent
Weld 51 percent
Denver 51 percent

Smallest increases among metro counties:
Boulder 28  percent 
Adams 23 percent
Mesa 20 percent

Larimer 48 percent
Broomfield 43 percent
El Paso 42 percent
Pueblo 35 percent
Arapahoe 33 percent