Dane County Housing Starts - October, 2018
Our housing start update provides an objective view of the latest home-building trends in Dane County, Wisconsin. Our report tracks the number of new construction building permits issued for duplexes and single family homes. The statistics below provide a forward-looking view of the housing market in the greater Madison area. When building permits rise, we expect mortgage applications and home sales to increase in the months ahead. When building permits fall, we expect to see fewer applications and fewer sales.
All data in our Dane County housing start report is provided courtesy of Dominic Collar from MTD Marketing Services of Wisconsin. For more information, please contact Dominic directly at 920-450-6131.
Our report for the month of October, 2018 follows.
Dane County Housing Start Trends - October, 2018
A total of 100 Dane County building permits were initiated during the month of October, a slight increase from the 96 building permits issued in October of 2017.
Year-to-date, there have been 1,060 Dane County housing starts through the month of October, which is roughly even with the year-to-date total from each of the previous two years.
On an annual basis, a total of 1,258 Dane County building permits were issued in 2017, essentially even with the year before. Housing starts ended the year about 50% below the levels from the peak building years (2001 - 2005).
Dane County Building Permits: January, 2000 - October, 2018
This table shows the monthly, year-to-date and annual housing start totals for every time period dating back to January, 2000. As the table below shows, Dane County housing starts increased 7 of 12 months in 2016 and 7 of 12 months in 2017, too.
This table shows the monthly, year-to-date and annual change in Dane County housing starts for every time period dating back to January, 2000.
This table shows the monthly, year-to-date and annual percent change in housing starts for every time period dating back to January, 2000. Dane County housing starts increased by 5% in 2016 and 3% in 2017. Building permits are down 1% through the first 10 months of the year.
Looking for more reports on the Madison area real estate market? Visit our market report home page here.