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New Home Building Permits In 2014 Off To Slower Start Than 2013

New home building permits issued in the St Louis metro area during the 1st quarter of this year were down slightly (4%) from the first quarter of 2013, according to the latest data released by the U.S. Census Bureau.  According to the Census Bureau, there were 979 permits issued for new single family homes in the St Louis MSA during the first quarter of 2014, down 4 percent from the same period for 2013 when there were 1,024 permits issued.

As the table below shows, even though 2014 is starting out a little sluggish compared with 2013, it’s still off to a significantly better start than 2011 and 2012. To put things in perspective though, back in the height of the building boom, 2004, there were 3,009 new home building permits issued in the St Louis metro area during the first quarter, more than triple than this year.

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St Louis MSA Building Permits issued 1st Quarter 2014 and 2010-2014 compared with 2004

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