
Slowdown in Single-Family Permits in May 2022
Over the first five months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 473,997. On a year-over-year (YoY) basis, this is a 2.0% decline over

Over the first five months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 473,997. On a year-over-year (YoY) basis, this is a 2.0% decline over

Real gross domestic product (GDP) decreased in 46 states and the District of Columbia in the first quarter of 2022. New Hampshire, Vermont, Massachusetts, and Michigan saw modest GDP growth. According

Nonfarm payroll employment increased in 32 states and the District of Columbia in May compared to the previous month while 18 states lost jobs. According to the Bureau of Labor

Over the first four months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 377,713. On a year-over-year (YoY) basis, this is a 1.7% decline over

Nonfarm payroll employment increased in 41 states and the District of Columbia in April compared to the previous month while eight states lost jobs. North Dakota remained unchanged. According to

Over the first three months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 278,189. On a year-over-year (YoY) basis, this is a 0.8% increase over

Population growth in the United States amounted to just 0.12% in 2021 (between July 2020 and July 2021), the slowest rate on record dating back to 1900. The sharp slowdown

New single-family home sales declined in March as mortgage rates jumped to the highest levels since the start of the pandemic. Per Freddie Mac, the 30-year fixed rate mortgage was

Nonfarm payroll employment increased in 34 states and the District of Columbia in March compared to the previous month while 16 states lost jobs. According to the Bureau of Labor

Over the first two month of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 170,716. On a year-over-year (YoY) basis, this is a 3.5% increase over

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in 2021 as the economy continued to recover from the COVID-19 crisis. According to the U.S.

Nonfarm payroll employment increased in 48 states and the District of Columbia in February compared to the previous month while Arkansas and Alaska lost jobs. According to the Bureau of

Over the first month of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 83,404. On a year-over-year (YoY) basis, this is a 0.6% decline over the

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

Nonfarm payroll employment increased in 44 states and the District of Columbia in December compared to the previous month while five states lost jobs. Employment was unchanged in Utah. According

Over the first eleven months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 1,029,208. On a year-over-year (YoY) basis, this is a 15.9% increase over

Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the third quarter of 2021 compared to the second quarter of 2021. According to the U.S.

Housing markets in the Midwest have experienced weakness in recent quarters. For example, single-family permits posted a 3.6% decline in year-to-date data when comparing December 2018 level with December 2017