Tag Archive for ‘state and local markets’

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… Read More ›

Employment Situation in December: State-Level Analysis

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 to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 199,000 in December, following an upwardly revised increase of 249,000 jobs in November. On a month-over-month basis,… Read More ›

November Single-Family Permit Gains

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 the November 2020 level of 888,217. Year-to-date ending in November, single-family permits increased in all four regions. Southern region reported the strongest increase of 17.6%, followed by Northeast (+15.8%), West… Read More ›

Employment Situation in November: State-Level Analysis

Nonfarm payroll employment increased in 43 states in November compared to the previous month while seven states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 210,000 in November, following an upwardly revised increase of 546,000 jobs in October. On a month-over-month basis, employment data was strong in… Read More ›

October Single-Family Permit Gains

Over the first ten months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 948,321. On a year-over-year (YoY) basis, this is a 17.3% increase over the October 2020 level of 808,301. Year-to-date ending in October, single-family permits increased in all four regions. Southern region reported the strongest increase of 19.1%, followed by Northeast (+18.5%), West… Read More ›

Employment Situation in October: State-Level Analysis

Nonfarm payroll employment increased in 47 states and the District of Columbia in October compared to the previous month while three states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 531,000 in October, following an upwardly revised increase of 312,000 jobs in September. On a month-over-month basis, employment data was strong in… Read More ›

September Single-Family Permit Gains

Over the first nine months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 864,184. On a year-over-year (YoY) basis, this is a 21.2% increase over the September 2020 level of 713,286. Year-to-date ending in September, single-family permits increased in all four regions. Southern region reported the strongest increase of 22.8%, followed by Northeast (+20.4%), West… Read More ›

Employment Situation in September: State-Level Analysis

Nonfarm payroll employment increased in 33 states and the District of Columbia in September compared to the previous month while 16 states lost jobs. Wisconsin recorded no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased at a slower rate by 194,000 in September, following an upwardly revised increase of 366,000 jobs in August. On… Read More ›

Top 20 Markets for Single-Family and Multifamily Permits: 2011-2020

Despite the volatility surrounding the recent COVID-19 pandemic, the housing market has shown remarkable resilience, fueled by demographic tailwinds and a housing shortage due to a decade of underbuilding.  Home construction slowed after 2007 as a result of the 2008 Great Recession, but home building staged a slow, modest recovery over the last decade, with a sharp acceleration in 2020… Read More ›