States › New Jersey › 2003
In 2003 the FHFA house price index for New Jersey changed +8.0%, against +4.5% for the United States and +10.9% in 2002.
32,984 housing units were authorised by building permits in the state that year (22,163 single-family), +8.4% on 2002; the national total was 1,889,214.
+8.0% New Jersey index, 2002–2003 US +4.5%
32,984 housing units permitted in 2003 22,163 single-family
21 of 21 counties with a rising index median county +7.7%
1,889,214 units permitted nationally in 2003
Counties in 2003 Ranked by the county index change from 2002 to 2003 (FHFA annual county index). Permits are units authorised in 2003; per 1,000 uses the vintage 2025 population.
County Index change 2003 Units permitted Single-family Per 1,000 Ocean County +12.3% 4,009 3,305 6.0 Hudson County +10.7% 2,116 215 2.9 Atlantic County +10.0% 2,285 2,058 8.2 Cape May County +9.8% 1,693 1,099 18.1 Sussex County +9.1% 587 547 4.0 Passaic County +8.9% 829 741 1.6 Middlesex County +8.3% 2,306 1,808 2.6 Monmouth County +8.3% 2,756 2,068 4.2 Burlington County +8.2% 1,805 1,639 3.7 Camden County +8.0% 1,934 1,245 3.6 Gloucester County +7.7% 1,859 1,560 5.9 Union County +7.4% 1,198 213 2.0 Warren County +7.4% 585 580 5.2 Essex County +7.2% 2,235 386 2.5 Bergen County +7.0% 1,289 760 1.3 Mercer County +6.9% 1,188 778 3.0 Morris County +6.9% 1,555 885 3.0 Somerset County +5.9% 1,260 890 3.5 Salem County +5.7% 307 208 4.6 Cumberland County +5.4% 374 364 2.4 Hunterdon County +4.7% 814 814 6.2
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 .