Downward Trend In New Home Construction In St Louis Eases In September

New home construction in St. Louis continued its decline, although at a lower rate, with 4,286 new home permits issued for the 12-month period ended September 30, 2019, a decline of 8.05% from a year ago when there were 4,661 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri.  This is an improvement from the 12-month period ended August 31, 2019, when the decline was nearly 10% from the year before (9.74%).

As the table below shows, 4 of the 7 counties covered in the report saw a decline in new home permits from a year ago.  Franklin County again suffered the biggest loss at 43.82% making it the 8th month in a row Franklin County has seen a loss.   At the other end of the spectrum, Warren County again had the largest increase at 22.22% and this marks the 9th month in a row of increases for the county.   For only the second time in the past 12-months, St Charles County saw an increase in new home permits issued during the period with a 3.79% increase.

  

St Louis New Home Building Permits – September 2019

St Louis New Home Building Permits - September 2019

 

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