States › New Jersey › 2016
In 2016 the FHFA house price index for New Jersey changed +2.3%, against +5.3% for the United States and +2.3% in 2015.
26,793 housing units were authorised by building permits in the state that year (9,626 single-family), −12.3% on 2015; the national total was 1,206,642.
+2.3% New Jersey index, 2015–2016 US +5.3%
26,793 housing units permitted in 2016 9,626 single-family
17 of 21 counties with a rising index median county +2.2%
1,206,642 units permitted nationally in 2016
Counties in 2016 Ranked by the county index change from 2015 to 2016 (FHFA annual county index). Permits are units authorised in 2016; per 1,000 uses the vintage 2025 population.
County Index change 2016 Units permitted Single-family Per 1,000 Hudson County +8.8% 4,164 338 5.7 Ocean County +3.5% 2,628 1,913 3.9 Essex County +3.0% 2,386 370 2.7 Monmouth County +2.9% 1,933 867 3.0 Passaic County +2.8% 397 136 0.7 Bergen County +2.7% 3,144 1,057 3.2 Union County +2.7% 1,594 370 2.6 Cumberland County +2.5% 134 114 0.9 Somerset County +2.3% 995 370 2.8 Camden County +2.2% 553 224 1.0 Middlesex County +2.2% 2,351 886 2.7 Hunterdon County +1.8% 355 122 2.7 Mercer County +1.8% 711 175 1.8 Morris County +1.6% 1,695 556 3.2 Burlington County +1.2% 825 603 1.7 Gloucester County +1.1% 727 461 2.3 Cape May County +0.4% 642 479 6.9 Sussex County −0.3% 169 95 1.1 Warren County −0.4% 257 104 2.3 Atlantic County −0.7% 1,083 336 3.9 Salem County −1.1% 50 50 0.8
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 .