The Last Months of 2021 Saw Single-Family Permit Gains

 

The last months of 2021 saw a great gain in single-family permits in the housing industry. In the first ten months of the year, nationwide single-family permits totaled 948,321. Year-to-date (YTD) this shows a 17.3% increase from October 2020.

Each region had increases in single-family permits issued. The South reported the highest increase of 19.1%, next was the Northeast at 18.5%, the West at 15.6% and the Midwest came in with the smallest increase at 12.4%. Multifamily also saw an increase across all four regions. The West the most at 38.6%, Midwest 30.3%, the South at 23.8% and the Northeast at 15.5%.

At the local level, below are the top 10 metro areas that issued the highest number of single-family permits:

Metropolitan Statistical Area	Single-family Permits: (Units #YTD, NSA)
Houston-The Woodlands-Sugar Land, TX	44,342
Dallas-Fort Worth-Arlington, TX	43,012
Phoenix-Mesa-Scottsdale, AZ	30,013
Atlanta-Sandy Springs-Roswell, GA	27,283
Austin-Round Rock, TX	20,895
Tampa-St. Petersburg-Clearwater, FL	16,613
Charlotte-Concord-Gastonia, NC-SC	16,310
Orlando-Kissimmee-Sanford, FL	15,006
Jacksonville, FL	13,809
Nashville-Davidson–Murfreesboro–Franklin, TN	13,766

 

For multifamily permits, below are the top 10 local areas that issued the highest number of permits:

Metropolitan Statistical Area	Single-family Permits: (Units #YTD, NSA)
New York-Newark-Jersey City, NY-NJ-PA	34,380
Dallas-Fort Worth-Arlington, TX	22,782
Austin-Round Rock, TX	21,925
Seattle-Tacoma-Bellvue, WA	17,305
Los Angeles-Long Beach-Anheim, CA	16,880
Denver-Aurora-Lakewood, CO	13,345
Houston-The Woodlands-Sugar Land, TX	12,959
Miami-Fort Lauderdale-West Palm Beach, FL	12,771
Phoenix-Mesa-Scottsdale, AZ	12,671
Minneapolis-St. Paul-Bloomington, MN-WI	12,499

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July Sees Strong Year-over-Year Gains For Single-Family Permits

 According to the U.S. Census Bureau’s Building Permits Survey, since the beginning of 2020, there have been 525,623 single-family permits issued YTD. They go on to report that this is a 5.8% increase over July 2019’s 496,726.

Across the country’s four regions the outcome was both an increase and decrease in certain areas. The

South saw an 8.6% increase while the Northeast saw a 1.7% decrease. From July 2019 to July 2020 35 states reported an increase in single-family home permits and 14 states and the District of Columbia reported a decline.

Louisiana did not see a change while South Dakota saw the highest growth rate from 1,508 to 2,050, a 35.9% increase. The District of Columbia reported a 41% decline from 117 in 2019 to only 69 in 2020.

The top 10 metro areas with the highest single-family permits issued were Houston-The Woodlands-Sugar Land, TX with 25,577, Dallas-Fort Worth-Arlington, TX with 23,535, Phoenix-Mesa-Scottsdale, AZ with 16,584, Atlanta-Sandy Springs-Roswell, GA with 14,505, Austin-Round Rock, TX with 11,649, Charlotte-Concord-Gastonia, NC-SC with 10,071, Tampa-St. Petersburg-Clearwater, FL with 8,924, Orlando-Kissimmee-Sanford, FL with 8,244, Nashville-Davidson-Murfreesboro-Franklin, TN with 8,000 and Washington-Arlington-Alexandria, DC-VA-MD-WV with 7,592.

Multi-family permits saw different statistics from July 2019 YTD to 2020 YTD. Reports showed a 2.3% decline from July 2019. Half of the states saw an increase while the other half saw a decline. North Dakota had the highest rise from 218 to 760, which was a 248.6% increase. New Hampshire saw the sharpest decline from 577 to 265 making it a 54.1% decrease.

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