New Home Building Permits in January Fall By Double-Digits From A Year Ago In 4 of 7 St Louis Counties

By , on March 15th, 2023

There were 4,147 building permits issued for new single-family homes in the St Louis area during the 12-month period ended January 31, 2023, a decrease of 13.48% from the same period a year ago when there were 4,793 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA).   Six of the seven counties covered in the report saw a decline in building permits from the same period a year ago with four of them experiencing double-digit declines. 

St Louis New Home Building Permits – January 2023

(click on table below for page with live charts showing additional permit data)St Louis New Home Building Permits - January 2023

 

St Louis New Home Activity Continues To Decline

By , on October 7th, 2022

There were 4,486* building permits issued for new single-family homes in the St Louis area during the 12-month period ended August 31, 2022, a decrease of 8.93% from the same period a year ago when there were 4,926 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA).   Six of the seven counties covered in the report saw a decrease in building permits from the same period a year ago with four of the counties haveing a double digit decline.  

*The city of St Louis did not report building permit data for August 2022.  Last year there were 54 permits issued in August, if we assume the same number for this year, the City of St Louis would of had an increase of 5.6% for the period, and the overall drop in building permits for the St Louis area would have been 7.8% rather than the 8.93% shown…

St Louis New Home Building Permits -Aug  2022

St Louis New Home Building Permits -Aug  2022

 

Number Of New Homes Built In St Louis In Last 14 Years Less Than Half The Number For the Prior 14 Years

By , on August 4th, 2022

During the 14 year period prior to the housing bubble bursting in 2008, there were 92,065 building permits issued for new single family homes in the 3 most active home building counties in St Louis.  As the table shows below, over half the permits issued during that period were in St Charles County alone, with the other half in the counties of St Louis and Jefferson.

Needless to say, when the housing bubble burst in 2008 and the market collapsed, new home construction came to a screeching halt.  However, after about 5 years, the market quickly regained lost ground and for the past several years it seems home builders couldn’t build homes fast enough.  We’ve had a low inventory of homes for sale for so long it’s starting to seem normal.  But still, over 14 years have passed since the bubble burst and we are still way behind on new home construction.  In the 14-year period after the bubble burst, there have been 40.528 building permits issued for new single family homes in the St Louis area counties mentioned above, a decline of nearly 56% from the prior 14-year period.

St Louis New Home Building Permits -1994 through 2007 and 2008 through 2021

St Louis New Home Building Permits -1994 through 2007 and 2008 through 2021

 

New Home Building Permits In St Louis For Most Recent 12-Months Decline Over 12 Percent

By , on August 3rd, 2022

There were 4,516 building permits issued for new single-family homes in the St Louis area during the 12-month period ended June 30, 2022, a decrease of 12.05% from the same period a year ago when there were 5,135 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA).   Five of the seven counties covered in the report saw a decrease in building permits from the same period a year ago with three of the counties have a double digit decline.

St Louis New Home Building Permits -June  2022

St Louis New Home Building Permits -June  2022

 

New Home Building Permits Decline In St Louis In Past 12-Months

By , on March 16th, 2022

There were 4,743 building permits issued for new single-family homes in the St Louis area during the 12-month period ended January 31, 2022, a decrease of 2.5% from the same period a year ago when there were 4,864 permits issued, according to the latest data from the Home Builders Association of St. Louis & Eastern Missouri (St Louis HBA).   Four of the seven counties covered in the report saw a decrease in building permits from the same period a year ago.  Warren, Lincoln, and St Charles County had a double-digit decrease.

St Louis New Home Building Permits -January  2022