Single-Family Permits Decline in September 2022

2022-11-15T09:18:27-06:00

Over the first nine months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 800,424. On a year-over-year (YoY) basis, this is 7.4% below the September 2021 level of 864,184. Year-to-date ending in September, single-family permits declined in all four regions. The South posted a modest decline of 5.4%, while the Midwest region reported the steepest decline of 11.0%. The Northeast declined by 8.6% and the Western region reported an 10.0% decline in single-family permits during this time. On the other hand, multifamily permits posted increased in all four regions. Permits were 24.4% higher in the South, 22.5% higher in the Midwest, 11.3% higher in the West, and 6.0% higher in the Northeast. Between September 2021 YTD and September 2022 YTD, seven states saw growth in single-family permits issued. New Mexico recorded the highest growth rate during this time at 35.2% going from 4,432 permits to 5,993. Forty-three states and the District of Columbia reported a decline in single-family permits during this time with the District of Columbia posting the steepest decline of 36.9% declining from 328 permits to 207. The ten states issuing the highest number of single-family permits combined accounted for 63.7% of the total single-family permits issued. Year-to-date, ending in September, the total number of multifamily permits issued nationwide reached 516,955. This is 17.8% ahead of the September 2021 level of 438,700. Between September 2021 YTD and September 2022 YTD, 41 states and the District of Columbia recorded growth, while nine states recorded a decline in multifamily permits. Georgia led the way with a sharp rise (159.9%) in multifamily permits from 8,375 to 21,766 while Delaware had the largest decline of 75.1% from 962 to 240. The ten states issuing the highest number of multifamily permits combined accounted for 63.5% of the multifamily permits issued. At the local level, below are the top ten metro areas that issued the highest number of single-family permits. Metropolitan Statistical Area Single-Family Permits: Sep-22 (Units #YTD, NSA) Houston-The Woodlands-Sugar Land, TX                                                                                          39,590 Dallas-Fort Worth-Arlington, TX                                                                                          36,445 Phoenix-Mesa-Scottsdale, AZ                                                                                          23,399 Atlanta-Sandy Springs-Roswell, GA                                                                                          21,743 Austin-Round Rock, TX                                                                                          18,320 Charlotte-Concord-Gastonia, NC-SC                                                                                          15,496 Orlando-Kissimmee-Sanford, FL                                                                                          13,017 Nashville-Davidson–Murfreesboro–Franklin, TN                                                                                          12,781 Tampa-St. Petersburg-Clearwater, FL                                                                                          12,639 Jacksonville, FL                                                                                          11,395 For multifamily permits, below are the top ten local areas that issued the highest number of permits.  Metropolitan Statistical Area  Multifamily Permits: Sep-22 (Units #YTD, NSA) New York-Newark-Jersey City, NY-NJ-PA                                                                                        38,978 Dallas-Fort Worth-Arlington, TX                                                                                        24,071 Houston-The Woodlands-Sugar Land, TX                                                                                        21,070 Austin-Round Rock, TX                                                                                        18,682 Los Angeles-Long Beach-Anaheim, CA                                                                                        16,008 Washington-Arlington-Alexandria, DC-VA-MD-WV                                                                                        15,484 Seattle-Tacoma-Bellevue, WA                                                                                        15,208 Atlanta-Sandy Springs-Roswell, GA                                                                                        14,831 Phoenix-Mesa-Scottsdale, AZ                                                                                        13,816 Minneapolis-St. Paul-Bloomington, MN-WI                                                                                        12,617   Related ‹ Patios Continue to Substitute for Decks on New HomesTags: home building, multifamily, single-family, state and local markets, state permits

Single-Family Permits Decline in September 20222022-11-15T09:18:27-06:00

Single-Family Permits Decline in August 2022

2022-10-17T09:21:37-05:00

Over the first eight months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772. Year-to-date ending in August, single-family permits declined in all four regions. The South posted a modest decline of 3.9%, while the Midwest region reported the steepest decline of 10.6%. The Northeast declined by 9.8% and the Western region reported an 8.0% decline in single-family permits during this time. On the other hand, multifamily permits posted increased in all four regions. Permits were 24.4% higher in the Midwest, 22.5% higher in the South, 9.6% higher in the West, and 3.8% higher in the Northeast. Between August 2021 YTD and August 2022 YTD, eight states saw growth in single-family permits issued. New Mexico recorded the highest growth rate during this time at 37.1% going from 3,961 permits to 5,431. Forty-two states and the District of Columbia reported a decline in single-family permits during this time with the District of Columbia posting the steepest decline of 25.4% declining from 268 permits to 200. The ten states issuing the highest number of single-family permits combined accounted for 63.9% of the total single-family permits issued. Year-to-date, ending in August, the total number of multifamily permits issued nationwide reached 456,244. This is 16.4% ahead of the August 2021 level of 392,067. Between August 2021 YTD and August 2022 YTD, 39 states and the District of Columbia recorded growth, while 11 states recorded a decline in multifamily permits. Hawaii led the way with a sharp rise (187.8%) in multifamily permits from 320 to 921 while Delaware had the largest decline of 76.3% from 928 to 220. The ten states issuing the highest number of multifamily permits combined accounted for 63.6% of the multifamily permits issued. At the local level, below are the top ten metro areas that issued the highest number of single-family permits. Metropolitan Statistical Area Single-Family Permits: Aug-22 (Units #YTD, NSA) Houston-The Woodlands-Sugar Land, TX                                                                                          35,973 Dallas-Fort Worth-Arlington, TX                                                                                          33,435 Phoenix-Mesa-Scottsdale, AZ                                                                                          21,886 Atlanta-Sandy Springs-Roswell, GA                                                                                          19,551 Austin-Round Rock, TX                                                                                          16,927 Charlotte-Concord-Gastonia, NC-SC                                                                                          14,218 Orlando-Kissimmee-Sanford, FL                                                                                          12,094 Tampa-St. Petersburg-Clearwater, FL                                                                                          11,566 Nashville-Davidson–Murfreesboro–Franklin, TN                                                                                          11,564 Jacksonville, FL                                                                                          10,353 For multifamily permits, below are the top ten local areas that issued the highest number of permits.  Metropolitan Statistical Area  Multifamily Permits: Aug-22 (Units #YTD, NSA) New York-Newark-Jersey City, NY-NJ-PA                                                                                        36,009 Dallas-Fort Worth-Arlington, TX                                                                                        22,495 Houston-The Woodlands-Sugar Land, TX                                                                                        18,025 Austin-Round Rock, TX                                                                                        16,979 Seattle-Tacoma-Bellevue, WA                                                                                        13,901 Los Angeles-Long Beach-Anaheim, CA                                                                                        13,407 Atlanta-Sandy Springs-Roswell, GA                                                                                        13,090 Washington-Arlington-Alexandria, DC-VA-MD-WV                                                                                        12,651 Phoenix-Mesa-Scottsdale, AZ                                                                                        12,154 Minneapolis-St. Paul-Bloomington, MN-WI                                                                                        11,232 Related ‹ Share of New Homes with Porches Dips Below 64 PercentTags: home building, multifamily, single-family, state and local markets, state permits

Single-Family Permits Decline in August 20222022-10-17T09:21:37-05:00

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