Single-Family Construction Permits Trending Down in March

Single-Family Construction Permits Trending Down in March

According to filings with Leon County and the City of Tallahassee, the number of single-family new construction permits were down 26.7% in March, 2024 when compared to March, 2023.

There were 44 permits issued in March, 2024, down up from the 60 issued one year ago. The value of the March, 2024 permits was $13.8 million, up 20.0%, from the $11.5 million reported in March, 2023.

The 3-Mnth Avg. data – which smooths out the month to month volatility – shows a 5.5% decrease in the number of permits from one year ago. The 3-Mnth Avg. data show a 41.2% increase in total permit value, from $10.2 million in March, 2023 to $14.4 million March, 2024.

The chart below shows the number of permits issued each month for the last 36-month period. A 12-Mnth Avg. line is also included.

2 Responses to "Single-Family Construction Permits Trending Down in March"

  1. Well. according to the Math, the average House was $240,000 in March of 2023 and is now $305,000 in March of 2024. That’s why I am staying put, my mortgage is under $500 (this year) and I live in a nice Home.

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