Single-family permits on the decline
Over the first six months of 2019, the total number of single-family permits issued year-to-date nationwide reached 417,453. On a year-over-year basis, this is a 6.1% decline over the June 2018 level of 444,600, according to the National Association of Home Builders (NAHB).
Year-to-date ending in June, single-family permits reported declines in all four regions. The Midwest, Northeast, South, and the West declined by 9.8%, 3%, 3.7%, and 10.2% compared to the same time period in 2018.
The Northeast region had the highest growth in multifamily (8.1%) while the West recorded a decline in multifamily permits growth (-6.3%) during the last 12 months, the NAHB said.
Between June 2018 YTD and June 2019 YTD, eight states and the Washington D.C. saw growth in single-family permits issued while 42 states registered a decline.
Washington D.C. recorded the highest growth rate during this time at 89.5% from 57 to 108 while single-family permits in Montana declined by 24.9%, from 1380 in 2018 to 1037 in 2019. The 10 states issuing the highest number of single-family permits combined accounted for 61.1% of the total single-family permits issued.
Year-to-date, ending in June 2019, the total number of multifamily permits issued nationwide reached 232,682. This is 1.6% ahead of its level over 2018 and 229,013 permits.
Between June 2018 YTD and June 2019 YTD, 28 states and Washington D.C. recorded growth while 22 states recorded a decline in multifamily permits. Maryland led the way with a sharp rise (114.2%) in multifamily permits from 1844 to 3950, while North Dakota had the largest decline of 78.6% from 459 to 98. The 10 states issuing the highest number of multifamily permits combined accounted for 62.7% of the multifamily permits issued.
The July report for building permits and housing starts from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development will be released on Aug. 16.
Year-to-date ending in June, single-family permits reported declines in all four regions. The Midwest, Northeast, South, and the West declined by 9.8%, 3%, 3.7%, and 10.2% compared to the same time period in 2018.
The Northeast region had the highest growth in multifamily (8.1%) while the West recorded a decline in multifamily permits growth (-6.3%) during the last 12 months, the NAHB said.
Between June 2018 YTD and June 2019 YTD, eight states and the Washington D.C. saw growth in single-family permits issued while 42 states registered a decline.
Washington D.C. recorded the highest growth rate during this time at 89.5% from 57 to 108 while single-family permits in Montana declined by 24.9%, from 1380 in 2018 to 1037 in 2019. The 10 states issuing the highest number of single-family permits combined accounted for 61.1% of the total single-family permits issued.
Year-to-date, ending in June 2019, the total number of multifamily permits issued nationwide reached 232,682. This is 1.6% ahead of its level over 2018 and 229,013 permits.
Between June 2018 YTD and June 2019 YTD, 28 states and Washington D.C. recorded growth while 22 states recorded a decline in multifamily permits. Maryland led the way with a sharp rise (114.2%) in multifamily permits from 1844 to 3950, while North Dakota had the largest decline of 78.6% from 459 to 98. The 10 states issuing the highest number of multifamily permits combined accounted for 62.7% of the multifamily permits issued.
The July report for building permits and housing starts from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development will be released on Aug. 16.