Mainebiz

February 10, 2025

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W W W. M A I N E B I Z . B I Z 11 F E B R UA R Y 1 0 , 2 0 2 5 F O C U S C O M M E R C I A L D E V E LO P M E N T 22 LOCATIONS ACROSS MAINE & NEW HAMPSHIRE 1 - 8 0 0 - H A M M O N D W W W . H A M M O N D L U M B E R . C O M R E A D Y T O P I V O T W H E N E V E R Y O U R J O B D O E S . AUBURN • BANGOR • BAR HARBOR • BELFAST • BELGRADE • BLUE HILL • BOOTHBAY HARBOR • BRUNSWICK • BUCKSPORT • CALAIS • CAMDEN • CHERRYFIELD DAMARISCOTTA • ELLSWORTH • FAIRFIELD • FARMINGTON • GREENVILLE • MACHIAS • PORTLAND • ROCHESTER (NH) • ROCKLAND • SKOWHEGAN ROCHESTER ROCHESTER 2021 2022 2023 2024 2 0 2 3 2 0 2 4 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 7.5K 7.0K 6.5K 6.0K 5.5K 5.0K 4.5K 4.0K 3.5K 3.0K 2.5K 2.0K 1.5K 1.0K 0.5K 0 3,249 3,699 4,010 4,358 4,697 4,760 5,304 6,530 7,105 5,824 5,991 1 unit 2 units 3–4 units 5+ units S O U R C E : U.S. Census Bureau BUILDING PERMITS FOR NEW, PRIVATELY OWNED HOUSING UNITS IN MAINE Maine housing starts ticked up only slightly in 2024, with a total of 5,991 building permits issued, compared to 5,824 in 2023. The number is well below the 10-year high recorded in 2022, when 7,105 building permits were issued, according to U.S. Census figures. The only figure that stands out from last year is the surge in permits sought for multifamily housing with three to four units, 113, the highest recorded in at least a decade.

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