Chart: Single-Family Permits Down, Multi-Family Up
Over the first nine months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 800,424. On a year-over-year (YoY) basis, this is 7.4% below the September 2021 level of 864,184.
Year-to-date ending in September, single-family permits declined in all four regions. The South posted a modest decline of 5.4%, while the Midwest region reported the steepest decline of 11.0%. The Northeast declined by 8.6% and the Western region reported an 10.0% 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 South, 22.5% higher in the Midwest, 11.3% higher in the West, and 6.0% higher in the Northeast.
Between September 2021 YTD and September 2022 YTD, seven states saw growth in single-family permits issued. New Mexico recorded the highest growth rate during this time at 35.2% going from 4,432 permits to 5,993. Forty-three 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 36.9% declining from 328 permits to 207. The ten states issuing the highest number of single-family permits combined accounted for 63.7% of the total single-family permits issued.
Year-to-date, ending in September, the total number of multifamily permits issued nationwide reached 516,955. This is 17.8% ahead of the September 2021 level of 438,700.
Between September 2021 YTD and September 2022 YTD, 41 states and the District of Columbia recorded growth, while nine states recorded a decline in multifamily permits. Georgia led the way with a sharp rise (159.9%) in multifamily permits from 8,375 to 21,766 while Delaware had the largest decline of 75.1% from 962 to 240. The ten states issuing the highest number of multifamily permits combined accounted for 63.5% 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: Sep-22 (Units #YTD, NSA)|
|Houston-The Woodlands-Sugar Land, TX||39,590|
|Dallas-Fort Worth-Arlington, TX||36,445|
|Atlanta-Sandy Springs-Roswell, GA||21,743|
|Austin-Round Rock, TX||18,320|
|Tampa-St. Petersburg-Clearwater, FL||12,639|
For multifamily permits, below are the top ten local areas that issued the highest number of permits.
|Metropolitan Statistical Area||Multifamily Permits: Sep-22 (Units #YTD, NSA)|
|New York-Newark-Jersey City, NY-NJ-PA||38,978|
|Dallas-Fort Worth-Arlington, TX||24,071|
|Houston-The Woodlands-Sugar Land, TX||21,070|
|Austin-Round Rock, TX||18,682|
|Los Angeles-Long Beach-Anaheim, CA||16,008|
|Atlanta-Sandy Springs-Roswell, GA||14,831|
|Minneapolis-St. Paul-Bloomington, MN-WI||12,617|