Residential permits nearly double in 2024

If one considers the number of new homes being built in Oxford as an indicator of growth, the city is indeed expanding.

In 2024, the number of building permits issued within Oxford’s city limits increased by about 60% compared to 2023.

In 2023, 496 permits were issued for residential construction, representing 1 million square feet of development with a total valuation of $137 million. By 2024, the number of permits for residential projects nearly doubled to 793.

This accounted for 1.4 million square feet and a valuation of $210 million, highlighting a significant rise in construction costs over the year.

Residential construction permits generated $1.1 million in fees for the city in 2024.

Commercial construction activity also saw an uptick. In 2024, 119 commercial construction permits were issued, a slight increase from 116 permits in 2023. The total square footage of commercial projects rose from 457,235 square feet in 2023 to 669,823 square feet in 2024, with the valuation increasing from $59.4 million to $90 million.

Fees collected from commercial construction permits amounted to $401,471 in 2024.

Of the 793 residential permits issued in 2024:

• 205 permits were for single-family homes.
• 46 were for duplexes.
• 239 were for condos or townhouses.
• 126 permits covered additions, alterations, or conversions.

For commercial projects, the majority of permits—54—were issued for additions, alterations, and conversions, while 32 permits were for new construction.