Hurricane Sandy may have revealed the Jersey Shore's vulnerability to a major hurricane. But two years after Sandy, that experience isn't enough to dampen the spirits of home buyers on New Jersey's barrier island chain — or the builders working to satisfy their demand. The Courier-Post has a report (see: "New homes in demand on Long Beach Island," by Dustin Rappioci).
"Long Beach Island … is more than rebuilding," reports the paper. "It is seeing a wave of new construction … By the end of summer, more than 420 new building permits had been issued among the six municipalities since 2013, according to local and state Department of Community Affairs data. Most of those — 302 — were written in Long Beach Township, the largest municipality on the 18-mile long island, according to the data."
Township Mayor Joseph Mancini downplayed the numbers, telling the paper: "There are 9,000 properties in Long Beach Township, and with 300 (new building) permits, it's not a very big percentage." But Mancini is a developer himself, and current trends are treating him well: His company is now building homes on the island in the million-dollar price range.
While the storm hasn't stopped things, realtor Maggie O'Neill told the paper, it may have shaken things up. "Some people have said, 'OK, I'm done,' and the new regime is coming in," said O'Neill. "And a lot of people say, 'You know, it was a once-in-a-lifetime storm and we're going to roll the dice.' "