The monthly number of single-family home building permits in metro Detroit in September increased by 1 percent compared to August, but jumped more than 10 percent when compared to September 2014, says a new report released today from the Home Builders Association of Southeastern Michigan. The association is predicting an uptick in permits over the next six months.
“It was a very exciting September, as we saw permits climb both from August and September of last year,” says Michael Stoskopf, CEO of the Home Builders Association. “What that ended up doing is extending the summertime construction season.”
Stoskopf says Oakland and Macomb counties continued to lead the way in the number of home permits issued, with 195 single-family home permits issued in Oakland County. Macomb County issued 123 home permits, a more than 40 percent increase when compared to August.
He says September marks the 12th consecutive month with multi-family permit activity, the longest streak since a 19-month run dating from July 2004 to January 2006. There were 61 multi-family construction permits issued in September.
Stoskopf foresees nearly 2,200 single-family home permits will be issued from October to March, an increased of more than 40 percent when compared year over year.
“We can predict one thing — the actual results will be primarily dependent on weather,” he says. “Right now the forecasters are saying that the weather this year should be a little bit warmer with less precipitation than it has been in the last couple of years.”