Multifamily Permits End on a Strong Note for 2021

    For 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 1,111,414. On a year-over-year (YoY) basis, this is a 13.7% increase over the December 2020 level of 977,863.

    Year-to-date ending in December, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 15.9%, followed by the South (+15.2%), the Midwest (+11.2%), and the West (+10.6%). Multifamily permits were robust across the country in December compared to last year; West (+35.0%), Northeast (+32.4%), South (+28.2%), and Midwest (+27.3%).

    Between December 2020 YTD and December 2021 YTD, 48 states and the District of Columbia saw growth in single-family permits issued. The District of Columbia recorded the highest growth rate during this time at 170.5% from 139 to 376. Mississippi (-0.3%) and Maryland (-7.7%) reported a decline during this time. The 10 states issuing the highest number of single-family permits combined accounted for 62.2% of the total single-family permits issued.

    Year-to-date, ending in December 2021, the total number of multifamily permits issued nationwide reached 618,496. This is 30.6% ahead over the December 2020 level of 473,716.

    Between December 2020 YTD and December 2021 YTD, 41 states recorded growth while nine states and the District of Columbia recorded a decline in multifamily permits. Pennsylvania led the way with a sharp rise (204.3%) in multifamily permits from 9,826 to 29,901 while Connecticut had the largest decline of 43.1% from 2,829 to 1,610. The 10 states issuing the highest number of multifamily permits combined accounted for 63.0% of the multifamily permits issued.

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

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