LONG VALLEY, NJ–For more than a decade, two New Jersey counties —Hudson and Ocean—have generally led the state in new residential construction, and after the recession they were the first to rebound, according to the latest report by Marketlogics, an independent market research firm which specializes in property development research. Hudson County ranked first in multifamily permits and Ocean County led in single-family permits, the firm says.
Rising building permits are a good measure of the health of the construction industry, says Michael A. Kehl, president of Marketlogics.
By year-end 2014, homebuilders obtained 5,641 permits for multifamily projects in Hudson County, reaching a record high.
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