Residential Building Permits Rise in DE, NJ and PA

According to the Philadelphia Federal Reserve, new residential building permits rose significantly from November 2012 to November 2013 in Delaware, New Jersey and Pennsylvania. Compared to the same month period in 2012, the growth in all three states was in double digits, as tells MHProNews. While permits were 21 percent higher in DE and rose 17 percent in PA, they spiked 36 percent in NJ. Additionally, values of the planned residences were up 19 percent for PA and 36 percent for NJ. Whether the rise in permits were in response to the Hurricane Sandy rebuild effort was not mentioned.

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