New Home Construction Booms in Marlboro

New Jersey is seeing a bump in home construction, according to a NJ Spotlight report.

New residential construction levels declined significantly in the late 2000s due to the recession but the industry is finally starting to rebound, NJ Spotlight said. There was a 38 percent increase in the number of homes built in New Jersey from 2009 to 2012.

In Marlboro Township, 59 residential building permits have been issued through May. Of the 59 permits, 14 were for single-family homes. In 2012, a total of 54 permits were issued, a 50 percent increase since 2009. Of those 54 permits, 39 of them were for single-family homes. Those figures compare to 2011’s 65 units, 32 single family; 2010’s 28 permits for single-family units and 2009’s 36 permits for single-family units.

NJ Spotlight’s interactive map also shows a decrease in construction value in Marlboro. In 2009, the construction value per home was $298,859 while it dipped to $136,617 in 2012 and $115,446 for 2013.

But Colts Neck is seeing a different pattern. In 2013, Colts Neck has already issued four single family permits compared to 2012’s total of six single family units, 2011’s five, 2010’s six and 2009’s six.

While permitting has remained rather steady over the years in Colts Neck, construction value is creeping back to 2009 figures. In 2009, the construction value per home was $797,500; 2012, $546,234; and 2013, $762,500.

Rebuilding at the Jersey Shore post Superstorm Sandy could be a contributing factor to the state’s 45 percent increase compared to the first five months of 2012, NJ Spotlight reported. But the state is also seeing a boom in building in areas that were not severely damaged by Sandy, especially in the construction of multifamily units. 

Last year, 17,939 units were authorized statewide, an increase from the 12,952 in 2011, NJ Spotlight reported. Residential construction saw a real low in 2009 at 12,421, the lowest number of permits issued in more than two decades. The pre-recession high was in 2005, when 38,588 new housing units were authorized throughout the state.