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August 25, 2005 2004 Building Permits Show Continued Increase in North Dakota Housing Units New housing authorized for construction in North Dakota increased 8.4 percent from 2003 to 2004. The number of permits rose from 3,721 housing units in 2003 to 4,033 in 2004. It’s the largest number of permits on record in the past 24 years with the exception of 1983, when the total reached 4,364. This month’s “Economic Briefs,” a monthly publication from the North Dakota State Data Center at North Dakota State University, focuses on the number and construction value of new housing units by type of unit authorized through building permits. North Dakota saw an increase in permits for single-family as well as multiple-family housing from 2003 to 2004. Single-family homes authorized for construction grew 7.6 percent, while homes in multiple-unit structures authorized for construction increased 9.8 percent. “The changing demand for housing units of various types reflects the dramatic shift in household composition that is occurring in North Dakota,” says Richard Rathge, State Data Center director. “Currently, approximately 24.1 percent of the state’s households are composed of the traditional married-couple family with children, while 29.3 percent are married couples without children and another 29.3 percent are single-person households, largely elderly. The remaining 17.3 percent is a mixed bag.” In 2004, single-family homes are nearly two-thirds of new authorized housing in North Dakota (62.5 percent). This proportion is relatively unchanged from 2003. The construction value per single-family home in North Dakota averaged $135,881 in 2004. Nationally, the construction value of a new single-family home averaged $158,364. Hawaii reported the highest average construction value per single-family home at $211,373 and Delaware the lowest at $116,866. The combination of Florida, California and Texas continues to capture approximately a third of all new housing units authorized for construction in the U.S. (31.5 percent in 2004). ### Source:
Richard Rathge, (701) 231-8621, Richard.Rathge@ndsu.edu
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North Dakota State University |
