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News » US » Number of house-building permits rises » published 9 Aug 2018

Number of house-building permits rises

The first six months of this year saw a 6.3% increase in permits for new single-family homes over the same period in 2017, though some areas of the US experienced a decline.

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Over the first six months of 2018, the total number of single-family permits issued nationwide reached 444,600, compared to 418,128 at the same point last year, shows the analysis by Danushka Nanayakkara-Skillington of the National Association of Home Builders.

Across the country, single-family permits grew in all the regions except in the Northeast and Midwest, where the number declined by 2.3% and 0.3%, respectively, compared to the June 2017 year-to-date (YTD) figure.

Out of the nine Northeastern states, only two, New Hampshire and New York, recorded an increase in single-family permit growth during this time while the other seven states declined. In the Midwest, out of the 12 states, only four states reported an increase in single-family permits issued during the period.

The Western region had the highest growth in single-family (14.2%) homes while South recorded the highest multi-family permits growth (13.6%) during the last 12 months.

Between June 2017 YTD and June 2018 YTD, 30 states saw growth in single-family permits issued while 20 states and the District of Columbia registered a decline. Colorado recorded the highest growth rate during this time at 26.3%, while single-family permits in the District of Columbia declined by 66.7%, from 171 in 2017 to 57 in 2018.

In the single-family sector, Texas led with 64,879 permits issued year-to-date in June 2018 and Florida came in second with 48,132 during this time. Meanwhile the lowest number came from the District of Columbia with 57 permits. The 10 states issuing the highest number of single-family permits combined accounted for 60.6% of the single-family permits issued.

 

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This article was published on 9 Aug 2018 (last updated on 9 Aug 2018).

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