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NYC Residential Housing Permits

Residential Housing Permits started out strong in the first three months of 2013, keeping pace with the total permits issued in the first three months of 2012. The first three months of 2013 recorded a total of 2,556 permits compared to 2,233 permits in the first three months of last year. In 2013, Brooklyn has been the major source of residential activity, while in 2012 Manhattan recorded the most permits.

Based on the first quarter, it appears that permits and new housing development are leveling off in 2013. Since 2004, permits have climbed steadily, reaching a high point of 33,170 in 2008, the peak of economic activity.

The financial crisis of 2009 caused a significant drop in permit activity to 5,953 in that year. Since then, permits have slowly picked up as the economy progresses and returns back to normal. Nevertheless the level of new housing permits last year are well below what our city needs to meet the housing demand of our steadily rising population which is expected to reach 9 million by 2030.


2013 Residential Housing Permits
Month
Bronx
Brooklyn
Manhattan
Queens
Staten Island
January 151 530 514 148 25
February 20 507 16 163 11
March 43 147 38 117 126
Total to Date 214 1,184 568 428 162


Residential Housing Permits by Borough and Year
Year
Bronx
Brooklyn
Manhattan
Queens
Staten Island
Total
2004 5,047 6,998 4,604 6,757 2,147 25,553
2005 4,937 9,028 8,525 7,369 1,872 31,731
2006 4,658 9,191 8,790 7,252 1,036 30,927
2007 3,104 10,930 9,520 7,625 739 31,918
2008 2,128 12,357 9,700 7,730 1,255 33,170
2009 1,543 1,003 1,363 1,474 570 5,953
2010 1,064 2,093 872 2,358 508 6,895
2011 1,116 1,522 2,535 3,182 581 8,936
2012 2,552 3,353 2,492 1,529 673 10,599
2013* 214 1,184 568 428 162 2,556
* Through March 2013 
source: REBNY Research
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