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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