States › New Jersey › 1997
In 1997 the FHFA house price index for New Jersey changed +1.6%, against +3.8% for the United States and +1.7% in 1996.
28,018 housing units were authorised by building permits in the state that year (23,472 single-family), +15.9% on 1996; the national total was 1,441,136.
+1.6% New Jersey index, 1996–1997 US +3.8%
28,018 housing units permitted in 1997 23,472 single-family
19 of 21 counties with a rising index median county +1.6%
1,441,136 units permitted nationally in 1997
Counties in 1997 Ranked by the county index change from 1996 to 1997 (FHFA annual county index). Permits are units authorised in 1997; per 1,000 uses the vintage 2025 population.
County Index change 1997 Units permitted Single-family Per 1,000 Hudson County +4.3% 136 136 0.2 Atlantic County +3.2% 994 994 3.6 Monmouth County +3.0% 3,047 3,047 4.7 Morris County +2.6% 1,449 1,449 2.8 Cape May County +2.3% 491 491 5.3 Passaic County +2.0% 386 386 0.7 Union County +2.0% 308 308 0.5 Cumberland County +1.8% 362 362 2.3 Bergen County +1.6% 921 921 0.9 Burlington County +1.6% 2,012 2,012 4.2 Hunterdon County +1.6% 720 720 5.5 Ocean County +1.5% 3,391 3,391 5.0 Essex County +1.4% 529 529 0.6 Salem County +1.3% 99 99 1.5 Middlesex County +1.2% 2,392 2,392 2.7 Sussex County +1.1% 473 473 3.2 Gloucester County +1.0% 1,151 1,151 3.7 Somerset County +0.9% 2,030 2,030 5.7 Warren County +0.8% 449 449 4.0 Mercer County 0.0% 1,040 1,040 2.6 Camden County −0.3% 1,092 1,092 2.0
Permits by year, 1995–2025 Housing units authorised in New Jersey by year 0 20,000 40,000 1995: 21,521 units (18,341 single-family, 3,180 in multi-unit buildings) 1995 1996: 24,173 units (20,853 single-family, 3,320 in multi-unit buildings) 1997: 28,018 units (23,472 single-family, 4,546 in multi-unit buildings) 1998: 31,345 units (25,459 single-family, 5,886 in multi-unit buildings) 1999: 31,976 units (25,129 single-family, 6,847 in multi-unit buildings) 2000: 34,585 units (25,260 single-family, 9,325 in multi-unit buildings) 2000 2001: 28,267 units (21,503 single-family, 6,764 in multi-unit buildings) 2002: 30,441 units (22,379 single-family, 8,062 in multi-unit buildings) 2003: 32,984 units (22,163 single-family, 10,821 in multi-unit buildings) 2004: 35,936 units (22,429 single-family, 13,507 in multi-unit buildings) 2005: 38,588 units (22,264 single-family, 16,324 in multi-unit buildings) 2005 2006: 34,323 units (17,113 single-family, 17,210 in multi-unit buildings) 2007: 25,389 units (13,066 single-family, 12,323 in multi-unit buildings) 2008: 18,363 units (9,169 single-family, 9,194 in multi-unit buildings) 2009: 12,421 units (7,211 single-family, 5,210 in multi-unit buildings) 2010: 13,535 units (7,378 single-family, 6,157 in multi-unit buildings) 2010 2011: 12,952 units (6,475 single-family, 6,477 in multi-unit buildings) 2012: 17,939 units (7,279 single-family, 10,660 in multi-unit buildings) 2013: 24,209 units (10,377 single-family, 13,832 in multi-unit buildings) 2014: 28,155 units (11,019 single-family, 17,136 in multi-unit buildings) 2015: 30,560 units (10,518 single-family, 20,042 in multi-unit buildings) 2015 2016: 26,793 units (9,626 single-family, 17,167 in multi-unit buildings) 2017: 28,501 units (10,148 single-family, 18,353 in multi-unit buildings) 2018: 27,942 units (10,348 single-family, 17,594 in multi-unit buildings) 2019: 36,505 units (11,526 single-family, 24,979 in multi-unit buildings) 2020: 36,146 units (12,289 single-family, 23,857 in multi-unit buildings) 2020 2021: 37,094 units (13,913 single-family, 23,181 in multi-unit buildings) 2022: 36,906 units (13,185 single-family, 23,721 in multi-unit buildings) 2023: 32,840 units (13,228 single-family, 19,612 in multi-unit buildings) 2024: 34,932 units (14,807 single-family, 20,125 in multi-unit buildings) 2025: 27,661 units (12,820 single-family, 14,841 in multi-unit buildings) 2025 Housing units authorised in New Jersey by year
Source: Federal Housing Finance Agency annual state and county house price indexes (updated March 31, 2026); Census Bureau Building Permits Survey annual state and county files. Public domain. Methodology .