Single-Family Permits Decline in August 2022

Facebooktwitterpinterestlinkedinmail

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




Tags: , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: