According to permit filings recorded through November with Leon County and the City of Tallahassee, the number of single-family new construction permits are trending down.
The New SFR Permit Report, provided below, shows the number of November permits is down 33.3% when compared to the number of permits issued one year ago. The value of the November permits are down 50.5%, from $9.1 million in 2021 to $4.5 million in 2022.
A look at the 3-Mnth Ave. data – which smooths out the month to month volatility – shows a 16.7% decline in the number of permits from one year ago. The 3-Mnth Ave. data also shows a 34.6% decline in total permit value, from $12.70 million in 2021 to $8.3 million 2022.
The chart below shows the number of permits issued each month for the last 25-month period. A 3-Mnth Ave. line is also included.
The chart shows that the downward trend in permits began in May, 2021. Since that that time, the 3-Mnth Average number of permits issued has declined 67.4%, from 92 in May, 2021 to 30 in November, 2022.