November SFR Construction Permits Down 40%

November SFR Construction Permits Down 40%

According to filings with Leon County and the City of Tallahassee, the number of single-family new construction permits were down 40.0% in November 2024 when compared to November 2023.

There were 33 permits issued in November 2024, down 22 from the 55 permits issued one year ago. There were 48 permits issued last month.

The value of the November 2024 permits was $9.0 million, down 37.9% from the $14.5 million reported in November 2023.

The 3-Mnth Avg. data (Sep-Nov) – which smooths out the month-to-month volatility – shows a 33.0% decrease in the number of permits issued over the same 3-month period one year ago.

The 3-Mnth Avg. data show a 31.0% decrease in monthly average permit value during this period. The 3-month average permit values fell from $14.2 million in November 2023 to $9.8 million in November 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.

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