The number of single-family home building permits issued in metro Detroit was up 2 percent in June over totals in May, but dipped 5 percent when compared to June 2014, says a new report from the Home Builders Association of Southeastern Michigan. The association is predicting an uptick in home construction over the next six months.
“Reflecting the trends shown throughout the country, new housing permit activity in June rose in southeastern Michigan as compared to the previous month,” says Michael Stoskopf, CEO of the Home Builders Association, which covers nine counties. “This positive news is true for both single-family and multi-family housing permits.”
Stoskopf says 430 single-family permits were issued in Macomb, Oakland, St. Clair, and Wayne counties in June 2015, a 2 percent increased when compared to the previous month. He says Oakland County continues to lead the way with more than 200 permits issued in June, followed by Macomb County with more than 160 permits issued.
Multi-family construction continues to increase, with 360 apartment unit permits issued in June, the single highest month since May 1999.
Stoskopf predicts a significant increase in the number of single-family home permits issued in the next six months.
“Between July and December 2015, our forecast projects that 2,673 permits will be issued,” he says. “This figure represents an increase of 25 percent over the same period in 2014.”