Robust Gains for August Single-Family Permits

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Over the first eight months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 616,856. On a year-over-year (YoY) basis, this is an 6.9% increase over the August 2019 level of 576,798.

Year-to-date ending in August, single-family permits across the four regions ranged from an increase of 9.8% in the South to a decline of 1.8% in the Northeast. In multifamily permits, all four regions reported declines; Northeast (-10.8%), Midwest (-6.4%), West (-6.0%), and the South (-4.6%).

Between August 2019 YTD and August 2020 YTD, 34 states saw growth in single-family permits issued while 15 states and the District of Columbia registered a decline. Georgia recorded no change during this time. South Dakota recorded the highest growth rate during this time at 32.9% from 1,838 to 2,442 while single-family permits in the District of Columbia declined by 29.3%, from 123 in 2019 to 87 in 2020. The 10 states issuing the highest number of single-family permits combined accounted for 61.5% of the total single-family permits issued.

Year-to-date, ending in August 2020, the total number of multifamily permits issued nationwide reached 307,614. This is 6.2% decline over the August 2019 level of 327,880.

Between August 2019 YTD and August 2020 YTD, 18 states recorded growth while 32 states and the District of Columbia recorded a decline in multifamily permits. Mississippi led the way with a sharp rise (177.4%) in multifamily permits from 212 to 588, while New Hampshire reported the largest decline of 69.9% from 1,111 to 334. The 10 states issuing the highest number of multifamily permits combined accounted for 63.9% of the multifamily permits issued.

At the local level, below are top 10 metro areas which issued the highest number of single-family permits.

Metropolitan Statistical Area Single-family Permits: Aug (Units #YTD, NSA)
Houston-The Woodlands-Sugar Land, TX                                                                           30,629
Dallas-Fort Worth-Arlington, TX                                                                           27,320
Phoenix-Mesa-Scottsdale, AZ                                                                           19,457
Atlanta-Sandy Springs-Roswell, GA                                                                         17,143
Austin-Round Rock, TX                                                                           13,504
Charlotte-Concord-Gastonia, NC-SC                                                                         11,633
Orlando-Kissimmee-Sanford, FL                                                                             9,848
Tampa-St. Petersburg-Clearwater, FL                                                                             9,772
Nashville-Davidson-Murfreesboro-Franklin, TN                                                                             9,164
Washington-Arlington-Alexandria, DC-VA-MD-WV                                                                             8,616

For multifamily permits, below are the top 10 local areas which issued the highest number of permits:

Metropolitan Statistical Area  Multifamily Permits: Aug (Units #YTD, NSA)
New York-Newark-Jersey City, NY-NJ-PA                                                                         26,663
Houston-The Woodlands-Sugar Land, TX                                                                         13,379
Austin-Round Rock, TX                                                                         12,821
Los Angeles-Long Beach-Anaheim, CA                                                                         11,064
Dallas-Fort Worth-Arlington, TX                                                                        10,935
Phoenix-Mesa-Scottsdale, AZ                                                                         10,539
Miami-Fort Lauderdale-West Palm Beach, FL                                                                         10,465
Seattle-Tacoma-Bellevue, WA                                                                           9,019
Nashville-Davidson–Murfreesboro–Franklin, TN                                                                          7,397
Orlando-Kissimmee-Sanford, FL                                                                           7,196

 

 



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