Friday, January 11, 2013

Singlefam permits pick up steam in Douglas, El Paso, Weld and Larimer Counties

Of the 9,979 new single-family permits issued during the first eleven 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 November permit data by county, released by the Census Bureau, the counties with the largest numbers of single-family permits issued during the first eleven months of 2012 were El Paso, Douglas, and Larimer, Weld and Denver counties. El Paso County reported more single-family permits than any other county with 2,208 permits.

See here for recent posts about building permits.

New single-family permits during January-November 2012
El Paso 2,208
Douglas 1,571
Larimer  1,039

Adams 652
Arapahoe 881
Boulder 252
Broomfield 114
Chaffee 77
Denver 990
Elbert 43
Jefferson 742
Mesa 323
Park 69
Pueblo 161
Routt 48
Teller 35
Weld 955

(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 (x1,000):

Douglas 15.0
Chaffee 10.4
Weld 10.0
Park 9.6
El Paso 9.1
Larimer 8.4
Mesa 5.5
Elbert 5.1
Broomfield 5.1
Routt 4.9
Adams 4.1
Arapahoe 3.8
Denver 3.6
Teller 3.5
Jefferson 3.3
Pueblo 2.5
Boulder 2.0

During the first eleven 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-November 2011 to January-November 2012, several metro counties reported year-over-year increases of 50 percent or more. No metro counties reported decreases, unless you count Teller County as part of the Colorado Springs metro area. In Teller, SF permitting dropped 5.4 percent from 2011 to 2012 for the period of January-November.

Largest increases among metro counties:

Douglas 76 percent
Jefferson 80 percent
Larimer 61 percent
Weld 56 percent
Arapahoe 57 percent

Smallest increases among metro counties:

Mesa 20 percent
Adams 33 percent
Boulder 40 percent

El Paso 49 percent
Denver 53 percent
Pueblo 46 percent