Friday, December 14, 2012

Single-family permits: Douglas, Weld, El Paso and Larimer counties dominate

Of the 9,261 new single-family permits issued during the first ten months of 2012, more than one-third of them (37 percent) were issued in El Paso and Douglas counties alone. According to new single-family October 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, Arapahoe, Weld and Denver counties. El Paso County reported more single-family permits than any other county with 2,022 permits.

See here for recent posts about building permits.

New single-family permits during January-October 2012
El Paso 2,022
Douglas 1,418
Larimer  944

Adams 597
Arapahoe 792
Boulder 219
Broomfield 101
Chaffee 77
Denver 881
Elbert 38
Jefferson 677
Mesa 295
Park 63
Pueblo 148
Routt 44
Teller 30
Weld 878

(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 largest 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):

Douglas 13.5
Chaffee 10.1
Weld 9.6
Park 8.8
El Paso 8.3
Larimer 7.6
Mesa 5.0
Elbert 4.5
Broomfield 4.5
Routt 4.5
Adams 3.7
Arapahoe 3.4
Denver 3.2
Teller 3.0
Jefferson 3.0
Pueblo 2.3
Boulder 1.8

During the first ten 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-October 2011 to January-October 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 81 percent
Jefferson 74 percent
Weld 60 percent
Arapahoe 56 percent

Smallest increases among metro counties:

Mesa 24 percent
Adams 30 percent
Boulder 30 percent

Larimer 54 percent
El Paso 51 percent
Denver 49 percent
Pueblo 42 percent