October Single-Family Construction Permits Continue to Trend Down

October Single-Family Construction Permits Continue to Trend Down

According to filings with Leon County and the City of Tallahassee, the number of single-family new construction permits were down 32.4% in October 2024 when compared to October 2023.

There were 48 permits issued in October 2024, down 23 from the 71 permits issued one year ago. There were 33 permits issued last month.

The value of the October 2024 permits was $11.7 million, down 30.4% from the $16.8 million reported in October 2023.

The 3-Mnth Avg. data (Aug-Oct) – which smooths out the month-to-month volatility – shows a 33.5% decrease in the number of permits issued over the same 3-month period one year ago.

The 3-Mnth Avg. data show a 35.6% decrease in monthly average permit value during this period. The 3-month average permit values fell from $14.9 million in October 2023 to $9.6 million in October 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.

Leave a Reply

Your email address will not be published.