Single-Family and Multifamily Permits Down in 2023

2024-02-14T09:14:59-06:00

Over 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 909,227. On a year-over-year (YoY) basis, this is 6.5% below the December 2022 level of 972,180. Year-to-date ending in December, single-family permits declined in all four regions. The range of permit decline spanned 5.0% in the South to 9.7% in the West. The Northeast declined by 7.1% and the Midwest declined by 7.6% in single-family permits during this time. For multifamily permits, the percentage decline spanned 14.6% in the South region to 28.5% in the Northeast. The West declined by 15.2% and the Midwest declined by 21.1% in multifamily permits during this time. Between December 2022 YTD and December 2023 YTD, except for Hawaii (+16.7%), Maryland (+8.7%), Nevada (+5.8%), West Virginia (+4.7%), Virginia (0.8%), North Carolina (0.7%), and Alabama (0.0%), all other states and the District of Columbia reported declines in single-family permits. The range of declines spanned 0.1% in Idaho to 59.4% in the District of Columbia. The ten states issuing the highest number of single-family permits combined accounted for 63.9% of the total single-family permits issued. Texas, the state with the highest number of single-family permits issued, declined 6.5% in the past 12 months; The succeeding highest state, Florida saw a decline of 6.9% while the next highest, North Carolina, posted an increase of 0.7%. For 2023, the total number of multifamily permits issued nationwide reached 561,369. This is 17.4% below the December 2022 level of 679,898. Between December 2022 YTD and December 2023 YTD, 15 states recorded growth in multifamily permits, while 35 states and the District of Columbia recorded a decline. Delaware (+96.3%) led the way with a sharp rise in multifamily permits from 562 to 1,103, while Wyoming had the greatest decline of 74.2% from 1,044 to 269. The ten states issuing the highest number of multifamily permits combined accounted for 63.2% of the multifamily permits issued. Over the last 12 months, Texas, the state with the highest number of multifamily permits issued, experienced a decline of 24.0%. Following closely, the second-highest state in multifamily permits, Florida, saw a decline of 12.4%. California, the third largest multifamily issuing state, declined by 3.4%. At the local level, below are the top ten metro areas that issued the highest number of single-family permits. Top 10 Largest Single-Family Markets Dec-23 (# of units YTD, NSA) YTD % Change (compared to Dec-22) Houston-The Woodlands-Sugar Land, TX                                         50,014 5% Dallas-Fort Worth-Arlington, TX                                         42,543 -2% Phoenix-Mesa-Scottsdale, AZ                                         24,810 -8% Atlanta-Sandy Springs-Roswell, GA                                         23,972 -9% Charlotte-Concord-Gastonia, NC-SC                                         19,088 1% Orlando-Kissimmee-Sanford, FL                                         17,035 5% Austin-Round Rock, TX                                         16,738 -22% Tampa-St. Petersburg-Clearwater, FL                                         14,827 -5% Nashville-Davidson–Murfreesboro–Franklin, TN                                         14,169 -7% Jacksonville, FL                                         12,402 -14% For multifamily permits, below are the top ten local areas that issued the highest number of permits.  Top 10 Largest Multifamily Markets Dec-23 (# of units YTD, NSA) YTD % Change (compared to Dec-22) New York-Newark-Jersey City, NY-NJ-PA                                         28,226 -39% Dallas-Fort Worth-Arlington, TX                                         24,014 -29% Austin-Round Rock, TX                                         21,861 -4% Phoenix-Mesa-Scottsdale, AZ                                         20,827 1% Los Angeles-Long Beach-Anaheim, CA                                         18,881 -13% Houston-The Woodlands-Sugar Land, TX                                         18,322 -35% Miami-Fort Lauderdale-West Palm Beach, FL                                         15,947 21% Atlanta-Sandy Springs-Roswell, GA                                         14,617 -30% Washington-Arlington-Alexandria, DC-VA-MD-WV                                         12,189 -41% Denver-Aurora-Lakewood, CO                                         11,651 -13% ‹ Inflation Remains Sticky due to Persistent Housing CostsTags: home building, multifamily, single-family, state and local markets, state permits

Single-Family and Multifamily Permits Down in 20232024-02-14T09:14:59-06:00

Single-Family Permits Down in October 2023

2023-12-15T09:19:06-06:00

Over the first ten months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 773,526. On a year-over-year (YoY) basis, this is 10.7% below the October 2022 level of 865,815. Year-to-date ending in October, single-family permits declined in all four regions. The range of permit decline spanned 8.6% in the Northeast to 16.1% in the West. The South declined by 8.7% and the Midwest declined by 11.2% in single-family permits during this time. For multifamily permits, the percentage decline spanned 12.0% in the South region to 26.0% in the Northeast. The West declined by 16.4% and the Midwest declined by 22.1% in multifamily permits during this time. Between October 2022 YTD and October 2023 YTD, except for Hawaii (+18.6%) and Maryland (+7.9%), all the other states and the District of Columbia reported declines in single-family permits. The range of declines spanned 1.6% in New Hampshire to 47.8% in the District of Columbia. The ten states issuing the highest number of single-family permits combined accounted for 63.8% of the total single-family permits issued. Texas, the state with the highest number of single-family permits issued, declined 11.0% in the past 12 months while the next two highest states, Florida and North Carolina declined by 10.2% and 2.9% respectively. Year-to-date, ending in October, the total number of multifamily permits issued nationwide reached 481,612. This is 16.3% below the October 2022 level of 575,671. Between October 2022 YTD and October 2023 YTD, 12 states recorded growth, while 38 states and the District of Columbia recorded a decline in multifamily permits. Delaware (+64.9%) led the way with a sharp rise in multifamily permits from 373 to 615 while Wyoming had the largest decline of 80.9% from 1,016 to 194. The ten states issuing the highest number of multifamily permits combined accounted for 63.7% of the multifamily permits issued. Texas, the state with the highest number of multifamily permits issued, declined 21.4% in the past 12 months while the next two highest states, Florida and California declined by 9.0% and 1.5% respectively. At the local level, below are the top ten metro areas that issued the highest number of single-family permits. Top 10 Largest SF Markets Oct-23 (# of units YTD, NSA) YTD % Change (compared to Oct-22) Houston-The Woodlands-Sugar Land, TX                                         43,270 1% Dallas-Fort Worth-Arlington, TX                                         35,826 -8% Atlanta-Sandy Springs-Roswell, GA                                         20,519 -14% Phoenix-Mesa-Scottsdale, AZ                                         20,436 -16% Charlotte-Concord-Gastonia, NC-SC                                         16,241 -3% Orlando-Kissimmee-Sanford, FL                                         14,748 5% Austin-Round Rock, TX                                         14,390 -27% Tampa-St. Petersburg-Clearwater, FL                                         12,226 -11% Nashville-Davidson–Murfreesboro–Franklin, TN                                         12,083 -11% Jacksonville, FL                                         10,822 -14% For multifamily permits, below are the top ten local areas that issued the highest number of permits.  Top 10 Largest MF Markets Oct-23 (# of units YTD, NSA) YTD % Change (compared to Oct-22) New York-Newark-Jersey City, NY-NJ-PA                                         24,551 -39% Dallas-Fort Worth-Arlington, TX                                         21,484 -26% Austin-Round Rock, TX                                         18,753 -9% Phoenix-Mesa-Scottsdale, AZ                                         16,746 2% Houston-The Woodlands-Sugar Land, TX                                         16,727 -31% Los Angeles-Long Beach-Anaheim, CA                                         15,950 -14% Miami-Fort Lauderdale-West Palm Beach, FL                                         15,530 37% Atlanta-Sandy Springs-Roswell, GA                                         13,796 -19% Washington-Arlington-Alexandria, DC-VA-MD-WV                                         10,494 -38% Seattle-Tacoma-Bellevue, WA                                           9,577 -44% ‹ Share of Bedrooms in New Single-Family Homes in 2022Tags: home building, multifamily, single-family, state and local markets, state permits

Single-Family Permits Down in October 20232023-12-15T09:19:06-06:00

Single-Family Permits Down in September 2023

2023-11-15T09:18:56-06:00

Over the first nine months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 693,908. On a year-over-year (YoY) basis, this is 13.3% below the September 2022 level of 800,424. Year-to-date ending in September, single-family permits declined in all four regions. The range of permit decline spanned 10.8% in the Northeast to 19.3% in the West. The South declined by 11.3% and the Midwest declined by 13.3% in single-family permits during this time. For multifamily permits, the percentage decline spanned 11.4% in the South region to 29.9% in the Northeast. The West declined by 15.3% and the Midwest declined by 20.1% in multifamily permits during this time. Between September 2022 YTD and September 2023 YTD, except for Hawaii (+16.9%) and Maryland (+6.4%), all the other states and the District of Columbia reported declines in single-family permits. The range of declines spanned 4.1% in New Hampshire to 49.2% in Alaska. The ten states issuing the highest number of single-family permits combined accounted for 63.9% of the total single-family permits issued. Texas, the state with the highest number of single-family permits issued, declined 14.3% in the past 12 months while the next two highest states, Florida and North Carolina declined by 12.0% and 5.5% respectively. Year-to-date, ending in September, the total number of multifamily permits issued nationwide reached 433,862. This is 16.1% below the September 2022 level of 516,955. Between September 2022 YTD and September 2023 YTD, 15 states recorded growth, while 35 states and the District of Columbia recorded a decline in multifamily permits. Delaware (+141.3%) led the way with a sharp rise in multifamily permits from 240 to 579 while Wyoming had the largest decline of 74.9% from 566 to 142. The ten states issuing the highest number of multifamily permits combined accounted for 64.0% of the multifamily permits issued. Texas, the state with the highest number of multifamily permits issued, declined 20.6% in the past 12 months while the next two highest states, Florida declined by 6.1% and California increased by 0.2%. At the local level, below are the top ten metro areas that issued the highest number of single-family permits. Top 10 Largest SF Markets Sep-23 (# of units YTD, NSA) YTD % Change (compared to Sep-22) Houston-The Woodlands-Sugar Land, TX                                           39,007 -1% Dallas-Fort Worth-Arlington, TX                                           31,938 -12% Atlanta-Sandy Springs-Roswell, GA                                           18,734 -14% Phoenix-Mesa-Scottsdale, AZ                                           18,145 -22% Charlotte-Concord-Gastonia, NC-SC                                           14,686 -5% Orlando-Kissimmee-Sanford, FL                                           13,321 2% Austin-Round Rock, TX                                           13,001 -29% Nashville-Davidson–Murfreesboro–Franklin, TN                                           11,033 -14% Tampa-St. Petersburg-Clearwater, FL                                           10,904 -14% Jacksonville, FL                                             9,707 -15% For multifamily permits, below are the top ten local areas that issued the highest number of permits. Top 10 Largest MF Markets Sep-23 (# of units YTD, NSA) YTD % Change (compared to Sep-22) New York-Newark-Jersey City, NY-NJ-PA                                           22,707 -42% Dallas-Fort Worth-Arlington, TX                                           18,725 -22% Austin-Round Rock, TX                                           16,008 -14% Houston-The Woodlands-Sugar Land, TX                                           15,277 -27% Phoenix-Mesa-Scottsdale, AZ                                           15,192 10% Los Angeles-Long Beach-Anaheim, CA                                           15,179 -5% Miami-Fort Lauderdale-West Palm Beach, FL                                           14,025 33% Atlanta-Sandy Springs-Roswell, GA                                           12,229 -18% Washington-Arlington-Alexandria, DC-VA-MD-WV                                             9,422 -39% Seattle-Tacoma-Bellevue, WA                                             8,557 -44% Related ‹ Inflation Cools While Shelter Costs Remain HighTags: home building, multifamily, single-family, state and local markets, state permits

Single-Family Permits Down in September 20232023-11-15T09:18:56-06:00

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