States › New Jersey › 1998
In 1998 the FHFA house price index for New Jersey changed +3.5%, against +3.7% for the United States and +1.6% in 1997.
31,345 housing units were authorised by building permits in the state that year (25,459 single-family), +11.9% on 1997; the national total was 1,612,260.
+3.5% New Jersey index, 1997–1998 US +3.7%
31,345 housing units permitted in 1998 25,459 single-family
21 of 21 counties with a rising index median county +3.8%
1,612,260 units permitted nationally in 1998
Counties in 1998 Ranked by the county index change from 1997 to 1998 (FHFA annual county index). Permits are units authorised in 1998; per 1,000 uses the vintage 2025 population.
County Index change 1998 Units permitted Single-family Per 1,000 Hudson County +6.7% 431 431 0.6 Cape May County +5.6% 619 619 6.6 Essex County +5.5% 476 476 0.5 Union County +4.9% 265 265 0.4 Bergen County +4.8% 823 823 0.8 Ocean County +4.8% 3,756 3,756 5.6 Atlantic County +4.7% 1,148 1,148 4.1 Sussex County +4.0% 552 552 3.7 Monmouth County +3.9% 3,159 3,159 4.9 Morris County +3.9% 1,687 1,687 3.2 Salem County +3.8% 138 138 2.1 Passaic County +3.4% 485 485 0.9 Somerset County +3.2% 1,910 1,910 5.4 Camden County +2.9% 841 841 1.6 Middlesex County +2.9% 2,608 2,608 3.0 Cumberland County +2.8% 314 314 2.0 Hunterdon County +2.8% 764 764 5.8 Gloucester County +2.6% 1,238 1,238 4.0 Mercer County +2.2% 1,200 1,200 3.0 Burlington County +1.6% 2,284 2,284 4.7 Warren County +1.5% 761 761 6.7
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 .