According to filings with Leon County and the City of Tallahassee, the number of single-family new construction permits was down 30.8% in April, 2024 when compared to April, 2023.
There were 45 permits issued in April, 2024, down up from the 65 issued one year ago. The value of the April, 2024 permits was $12.4 million, down 7.5%, from the $13.4 million reported in April, 2023.
The 3-Mnth Avg. data – which smooths out the month to month volatility – shows a 30.8% decrease (same as the monthly decline) in the number of permits from one year ago. The 3-Mnth Avg. data show a 3.12% decrease in total permit value, from $12.7 million in April, 2023 to $12.3 million April, 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.
When 90% of the Signs at the New Subdivisions say "Homes Starting in the $300K" or "Homes Starting in the $400K", what do you expect.
Can't build and sell homes when people can't even afford eggs and milk.
Thanks Joe!