Local Housing Permits Down in July

//August 28, 2007//

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The number of residential building permits issued in New Jersey between June and July fell by 33.1 percent, according to the Federal Reserve Bank of Philadelphia, citing U.S. Census Bureau data.The number of residential building permits issued in New Jersey between June and July fell by 33.1 percent, according to the Federal Reserve Bank of Philadelphia, citing U.S. Census Bureau data. This is compared to Pennsylvania, where housing permits slid 13.8 percent and Delaware, where permits declined 11.7 percent.

The year-over-year decline in the issuance of permits was 34.9 percent in the Garden State, 8.1 percent in Pennsylvania and 31.1 percent in Delaware. Nationally, total permits decreased 8.9 percent from June to July and 17.4 percent from July 2006.