The Sconi

The latest figures for new home construction indicate a significant increase, with 38.1 percent more permits issued from January 1 to June 30, 2021, compared to the same period in 2020. Data from municipalities across the state show that 7,008 permits were pulled in the first half of this year, up from 5,074 during the same timeframe last year—an increase of 1,934 permits. In the second quarter alone, there were 4,382 permits issued.

"The lack and competition of existing housing combined with low interest rates continue to play a huge role in the demand for new housing," said Wisconsin Builders Association (WBA) Executive Director Brad Boycks. "Even despite the high costs of building materials, we are excited to see the building industry continue to thrive as it’s one that supports so many other industries across the state."

In addition to increased permits, there have been approvals for 97 plats and 2,413 lots in the first half of this year. These numbers suggest that they are on track to exceed last year's totals when there were approvals for 201 plats and 5,340 lots.

"The number of new starts and approvals of plats and lots are very encouraging," said WBA President Abe Degnan. "We have and continue to hope construction prices come down soon as it will continue to drive the positive upward growth of building."

The Wisconsin Builders Association is a professional trade association made up of 21 local associations focused on helping members build communities statewide. The association advocates for its approximately 4,000 home-building industry members with an aim to keep housing affordable and accessible for families in Wisconsin.