Builders throughout the region were busy well into the spring market, and there appears to be no slowdown this summer, according to figures recently released by the Home Builders Association of Greater Cincinnati.
Single-family home permits were up more than 18 percent in the four-county area of Butler, Clermont, Hamilton, and Warren counties through May.
Altogether, there were a total of 1,026 single-family permits issued through May in Butler, Clermont, Hamilton, and Warren counties, compared to 869 in 2015, a 18.1 percent overall increase.
Butler County saw the biggest percentage gain, a 25.1 percent increase. The county issued a total of 264 single-family permits during this period, compared to 211 last year.
Liberty Twp. led all local jurisdictions with 115 new home permits.
Hamilton County registered a 20.7 percent increase, with 233 total permits, compared to 193 in 2015.
Warren County continues to lead the region with a total of 394 single-family permits, posting a 13.9 percent increase, through May.
Clermont County also continued to demonstrate momentum, registering a 13.4 percent increase, with 135 permits.
The top 10 markets for single-family home permits through May were:
- Liberty Twp.: 115
- Hamilton Twp.: 99
- Clearcreek Twp.: 64
- Mason: 54
- West Chester Twp.: 46
- Cincinnati: 43
- Deerfield Twp.: 39
- Union Twp.: 38
- Colerain Twp.: 34
- Fairfield Twp.: 32
- Turtlecreek Twp.: 32
“Builders are building and buyers are buying which is the perfect combination. However, shortages of buildable lots and skilled construction workers is slowing down the overall process. It’s taking longer to get from the starting point to the finish line,” Dan Dressman, HBA of Cincinnati’s executive director, said in a statement.
Established in 1934, The Home Builders Association of Greater Cincinnati represents residential construction interests in Brown, Butler, Clermont, Clinton, Hamilton and Warren counties in southwest Ohio.
Originally published at http://www.journal-news.com/news/business/new-single-family-home-permits-up-251-percent-in-b/nr5Tt/