According to filings with Leon County and the City of Tallahassee, the number of single-family new construction permits was down 52.9% in June 2024 when compared to June 2023.
There were 32 permits issued in June 2024, down up from the 68 issued one year ago. There were 66 permits issued in May 2024.
The value of the June 2024 permits was $11.4 million, down 29.6% from the $16.2 million reported in June 2023.
The 3-Mnth Avg. data – which smooths out the month-to-month volatility – shows a 34.4% decrease in the number of permits from one year ago. The 3-Mnth Avg. data show a 10.1% decrease in total permit value, from $14.8 million in June 2023 to $13.3 million in June 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.
Single Family Construction Permits Plummet in June, Down 52.9% added by Staff on
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I can see why Home Permits are down, there are only so many People in Tallahassee that can Afford Home that cost $250,000 and up and I am sure most of them are already living in one. Every NEW Subdivision being built that I drive by have signs in from that state ” New Homes Starting in Mid $300’s” or greater. With the Interest Rates we have now, your Mortgage Payment will be HUGE. Yeah, you could refinance when they come down but, WHEN will that be and do you really want to GIVE them 30% of your Mortgage Payment for FREE? I am enjoying a 2.74%Interest Rate and a Payment UNDER $500 for a 3/1.5 with a Garage, Half Acre Level Lot on a small Lake.
How do these stats compare to the same for Jefferson and Wakulla Counties? Leon County homeowners are selling and relocating to those two lower tax-rate counties, especially Wakulla.