Over the first half of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 514,728. On a year-over-year (YoY) basis, this is an increase of 14.6% over the June 2023 level of 449,226.
Year-to-date ending in June, single-family permits were up in all four regions. The range of permit increases spanned 19.9% in the West to 8.2% in the Northeast. The Midwest was up by 15.8% and the South was up by 13.2% in single-family permits during this time. For multifamily permits, three out of the four regions posted declines. The Northeast, the only region to post an increase, was up by 29.7%. Meanwhile the West posted a decline of 32.0%, the South declined by 24.4%, and the Midwest declined by 12.5%.
Between June 2024 YTD and June 2023 YTD, 47 states posted an increase in single-family permits. The range of increases spanned 44.3% in Arizona to 3.0% in Alaska. Rhode Island (-0.3%), New Hampshire (-1.3%), Hawaii (-6.8%), and the District of Columbia (-9.0%) reported declines in single-family permits.The ten states issuing the highest number of single-family permits combined accounted for 64.2% of the total single-family permits issued. Texas, the state with the highest number of single-family permits, issued 84,920 permits over the first half of 2024, which is an increase of 18.2% compared to the same period last year. The succeeding highest state, Florida, was up by 9.2%, while the third highest, North Carolina, posted an increase of 10.6%.
Year-to-date ending in June, the total number of multifamily permits issued nationwide reached 237,935. This is 18.9% below the June 2023 level of 293,301.
Between June 2024 YTD and June 2023 YTD, 19 states recorded growth in multifamily permits, while 31 states and the District of Columbia recorded a decline. New York (+109.8%) led the way with a sharp rise in multifamily permits from 8,943 to 18,761, while the District of Columbia had the biggest decline of 71.0% from 1,677 to 487. The ten states issuing the highest number of multifamily permits combined accounted for 64.3% of the multifamily permits issued. Over the first half of 2024, Texas, the state with the highest number of multifamily permits issued, experienced a decline of 35.2%. Following closely, the second-highest state in multifamily permits, Florida, saw a decline of 24.1%. California, the third largest multifamily issuing state, decreased by 29.8%.
At the local level, below are the top ten metro areas that issued the highest number of single-family permits.
For multifamily permits, below are the top ten local areas that issued the highest number of permits.
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