This Summer Saw a Gain in Single-Family Permit Gains

This summer saw a booming housing market. The year-over-year increase in single-family permits was 29.7% over July 2020. In July 2020 there were 525,623 single-family permits issued and in July 2021 there were 681,959 issued.

The uptick was also seen across the country in all four regions year-to-date in July 2021. The Northeast had the highest increase in single-family permits with 32.2%, followed by the south with a 30.4% increase, the West had a 29.8% and the Midwest came in the lowest bust till strong at 25.8%. AS for multifamily permits issued the West was the strongest at 29.8%, Northeast had a 25.6% increase, the South 18% and the Midwest with a 15.7%.

All 50 states and the District of Columbia had growth from July 2020 YTD and July 2021 YTD in single-family permits issued. The highest growth was in the District of Columbia with a 226.1% increase from 65 to 225. The highest 10 states made up 62.4% of the countries total.

Multifamily permits also saw an increase from 270,338 in July 2020 to 328,483 issued in July 2021 which was reported as a 21.5% increase. Thirty-eight states saw growth in multifamily permits while 12 states and the District of Columbia had a decline. New Mexico was the highest with a 295.8% increase from 427 to 1,690. Connecticut had the worst decline from 1,708 to 927 which was a 45.7% decrease. The top ten states totaled 63.2% of the multifamily permits issued.

Top Ten Metro Areas Issued Highest Number of  Single-Family Permits

Metropolitan Statistical Area Single-family Permits: Jan (Units #YTD, NSA)
Houston-The Woodlands-Sugar Land, TX 32,134
Dallas-Fort Worth-Arlington, TX 32,017
Phoenix-Mesa-Scottsdale, AZ 22,420
Atlanta-Sandy Springs-Roswell, GA 20,352
Tampa-St. Petersburg-Clearwater, FL 1,954
Austin-Round Rock, TX 15,427
Charlotte-Concord-Gastonia, NC-SC 11,493
Orland-Kissimmee-Sanford, FL 10,314
Jacksonville, FL 9,949
Nashville-Davidson–Murfreesboro–Franklin, TN 9,993

 

Top Ten Metro Areas Issued Highest Number of  Multifamily Permits
Metropolitan Statistical Area Multifamily Permits: Jan (Units #YTD, NSA)
New York-Newark-Jersey City, NY-NJ-PA 24.685
Dallas-Fort Worth-Arlington, TX 16,796
Austin-Round Rock, TX 16,170
Los Angeles-Long Beach-Anaheim, CA 12,565
Seattle-Tacoma-Bellevue, WA 10,573
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 10,307
Miami-Fort Lauderdale-West Palm Beach, FL 9,090
Phoenix-Mesa-Scottsdale, AZ 9,055
Nashville-Davidson–Murfreesboro–Franklin, TN 8,412
Houston-TheWoodlands-Sugar Land, TX 8,348