After several years of rising construction activity in New Jersey, new U.S. Census data shows that fewer housing units are being built this year compared to 2015, reports Kathleen Lynn of NorthJersey.com.
Through June, builders got the approval to start 13,681 housing units in the Garden State, down from 16,617 in the same period in 2015. With more construction in recent years, finding available land is an issue for New Jersey builders.
"There aren't as many opportunities as there were three or four years ago," said George Capodagli, owner of Capodagli Construction Co./Meridia in Linden, which is constructing a 115-unit apartment building in downtown Hackensack's redevelopment zone.
Also, the state’s housing development continues to be dominated by multifamily construction, which accounted for 64% of the building permits in the state through June.