Over the first eight months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772.
Year-to-date ending in August, single-family permits declined in all four regions. The South posted a modest decline of 3.9%, while the Midwest region reported the steepest decline of 10.6%. The Northeast declined by 9.8% and the Western region reported an 8.0% 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 Midwest, 22.5% higher in the South, 9.6% higher in the West, and 3.8% higher in the Northeast.
Between August 2021 YTD and August 2022 YTD, eight states saw growth in single-family permits issued. New Mexico recorded the highest growth rate during this time at 37.1% going from 3,961 permits to 5,431. Forty-two 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 25.4% declining from 268 permits to 200. The ten states issuing the highest number of single-family permits combined accounted for 63.9% of the total single-family permits issued.
Year-to-date, ending in August, the total number of multifamily permits issued nationwide reached 456,244. This is 16.4% ahead of the August 2021 level of 392,067.
Between August 2021 YTD and August 2022 YTD, 39 states and the District of Columbia recorded growth, while 11 states recorded a decline in multifamily permits. Hawaii led the way with a sharp rise (187.8%) in multifamily permits from 320 to 921 while Delaware had the largest decline of 76.3% from 928 to 220. The ten states issuing the highest number of multifamily permits combined accounted for 63.6% 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: Aug-22 (Units #YTD, NSA) |
Houston-The Woodlands-Sugar Land, TX | 35,973 |
Dallas-Fort Worth-Arlington, TX | 33,435 |
Phoenix-Mesa-Scottsdale, AZ | 21,886 |
Atlanta-Sandy Springs-Roswell, GA | 19,551 |
Austin-Round Rock, TX | 16,927 |
Charlotte-Concord-Gastonia, NC-SC | 14,218 |
Orlando-Kissimmee-Sanford, FL | 12,094 |
Tampa-St. Petersburg-Clearwater, FL | 11,566 |
Nashville-Davidson–Murfreesboro–Franklin, TN | 11,564 |
Jacksonville, FL | 10,353 |
For multifamily permits, below are the top ten local areas that issued the highest number of permits.
Metropolitan Statistical Area | Multifamily Permits: Aug-22 (Units #YTD, NSA) |
New York-Newark-Jersey City, NY-NJ-PA | 36,009 |
Dallas-Fort Worth-Arlington, TX | 22,495 |
Houston-The Woodlands-Sugar Land, TX | 18,025 |
Austin-Round Rock, TX | 16,979 |
Seattle-Tacoma-Bellevue, WA | 13,901 |
Los Angeles-Long Beach-Anaheim, CA | 13,407 |
Atlanta-Sandy Springs-Roswell, GA | 13,090 |
Washington-Arlington-Alexandria, DC-VA-MD-WV | 12,651 |
Phoenix-Mesa-Scottsdale, AZ | 12,154 |
Minneapolis-St. Paul-Bloomington, MN-WI | 11,232 |
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