Single-Family Construction Up 36% in Q1
PRESS RELEASE
For Immediate Release
Alicia Naleid, Director of Communications
(608) 242-5151 ext. 13
Single-Family Construction Up 36% in Q1
Rural counties have highest growth, urban areas have most starts
April 29, 2024 – The latest new home construction numbers released by the Wisconsin Builders Association (WBA) shows new home construction is up 36 percent statewide.
The data, submitted by all municipalities across Wisconsin, shows 3,692 new home permits were pulled statewide between January 1 and March 31, about 980 more permits than in quarter one of 2023.
“Wisconsin is showing numbers that are on par with both midwest and national numbers, which are 36% and 43%, respectively,” said WBA President Jim Doering. “In February alone, we saw a 50% increase in permits pulled throughout the state.”
The counties that saw the highest (130%+) growth year-over-year in quarter one were Barron, Florence, Iron, Marinette, Milwaukee, Pierce, Sawyer, and Sheboygan counties. Metropolitan areas of the state saw the highest numbers of permits pulled in quarter one with Brown County; 177, Dane County; 396, Milwaukee County; 275, and Waukesha County; 193.
“Lack of existing inventory continues to fuel the homebuilding industry” said WBA Executive Director Brad Boycks. “Coupled with a relatively mild winter, we are very pleased with the stable increase in single family permits compared to quarter one last year.”
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About the Wisconsin Builders Association
The Wisconsin Builders Association is a professional trade association comprised of 21 local associations dedicated to helping members build communities around the state. We advocate the interests of 4,000 home building industry members to keep housing affordable and accessible for Wisconsin families, Protecting the American Dream for over 70 years.