Construction Value
$2.6M ▲ 33%
Units Permitted
15 ▲ 275%
Avg Value / Unit
$176K
2024 · Census Bureau Building Permits Survey
Construction activity in Fanwood jumped in 2024, up 275% from the prior year with 15 housing units permitted. At $176K per unit, new builds are 38% below the Union County average of $285K, indicating more affordable construction. Volume is still modest compared to neighboring towns (72% fewer units than the county average of 53), but the investment per project is strong. 80% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
A mix of single-family and multi-unit development.
Construction Intensityi
$340
per resident
County avg: $6K-94%
$2.0M
per square mile
Fanwood vs. Union County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 3 | 3 | $988K | 37% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 12 | 1 | $1.7M | 63% |
County Ranking by Construction Volume
Among 22 permit-issuing towns in Union County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →