- HOUSING NEWS: DOUBLE-DIGIT NEW HOUSING PERMITS IN FIRST QUARTER
Posted May 12, 2021
Cincinnati, OH, May 5, 2021: New single-family home permits in Southwest Ohio were up 18.6 through March, reported the Home Builders Association of Greater Cincinnati (HBA). Three of the four Southwest Ohio counties tracked by the HBA had new home growth, except Hamilton County.
Clermont County had the most significant overall increase of 57.5%, followed by Butler County, with a 29.7% increase. Warren County was up by 10.8%, and Hamilton County permits decreased by -6.0% due primarily to the exclusion of permits from the city of Harrison, which were not available.
A total of 868 single-family permits were issued through March of this year, compared to 732 in 2020, representing an 18.6% increase for the year.
“Despite continuous material price increases, especially lumber, builders continue to build, and buyers continue to buy,” said Dan Dressman, HBA Executive Director. “Unfortunately, material and regulatory cost increases are impacting home affordability, just when employment is improving,” he added.
The top ten markets in the four-county Southwest Ohio region for single-family home permits through March were as follows.
Miami Township (Clermont Co.) – 43
City of Cincinnati (Hamilton Co.) – 43
Below are the number of single-family permits issued in the four-county area through March 2021, compared to March 2020.
|County||2021||2020||% Change (through March)|
|**Hamilton||142||151||-6.0% (does not include city of Harrison)|
The Home Builders Association of Greater Cincinnati, established in 1934, represents residential construction interests in Brown, Butler, Clermont, Clinton, Fayette, Hamilton, Ross, and Warren counties in Southwest Ohio.