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April 12, 2008

What's getting built

Permits are way down for new homes -- but not all sorts of housing.

The Maryland Department of Planning, which has data for the first two months of this year, notes that builders got permits in the Baltimore metro area for 85 percent more multifamily housing in January and February than they did in the first two months of last year. Permits were issued for 467 units this year in that category, which includes apartments and condo complexes, vs. 253 last year.

Permits for single-family units -- detached houses, townhouses and rowhouses -- are down 47 percent, dropping to 422 units from nearly 800 in the first two months of last year.

Yes, that's right: There were more permits for multifamily than single family in January and February. In the Baltimore metro area, where most building happens in the 'burbs, that's not an everyday occurrence.

Interested in earlier numbers? Click HERE

Posted by Jamie Smith Hopkins at 10:05 AM | | Comments (2)
        

Comments

Jamie,

That is very interesting. I wonder which specific neighborhood the permits are for.

The state doesn't tally it up at that level of detail, but you can see the breakout at a county (and Baltimore City) level.

It looks like Baltimore County is driving the multifamily increase.

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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