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Single-Family Permits Decrease in June 2023



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Over the first six months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 449,226. On a year-over-year (YoY) basis, this is 20.9% below the June 2022 level of 567,798.

Year-to-date ending in June, single-family permits declined in all four regions. The Northeast posted the lowest decline of 11.0%, while the West region reported the steepest decline of 28.1%. The South declined by 19.1% and the Midwest declined by 20.5% in single-family permits during this time. For multifamily permits, the South region posted a modest decline of 2.7% while the West declined by 13.7%, the Midwest declined by 18.9%, and the Northeast declined by 29.0%.

Between June 2022 YTD and June 2023 YTD, except for Hawaii (+21.4%) and New Jersey (+0.3%), all the other states and the District of Columbia reported declines in single-family permits. The range of declines spanned 5.5% in Maine to 60.0% in Alaska. The ten states issuing the highest number of single-family permits combined accounted for 64.2% of the total single-family permits issued. Texas, the state with the highest number of single-family permits issued, declined 23.9% in the past 12 months while the next two highest states, Florida and North Carolina declined by 20.3% and 12.0% respectively.

Year-to-date, ending in June, the total number of multifamily permits issued nationwide reached 293,301. This is 11.6% below the June 2022 level of 331,934.

Between June 2022 YTD and June 2023 YTD, 19 states recorded growth, while 31 states and the District of Columbia recorded a decline in multifamily permits. Rhode Island (+181.1%) led the way with a sharp rise in multifamily permits from 106 to 298 while Maine had the largest decline of 55.3% from 1,518 to 679. The ten states issuing the highest number of multifamily permits combined accounted for 64.9% of the multifamily permits issued. Texas, the state with the highest number of multifamily permits issued, declined 14.1% in the past 12 months while the next two highest states, Florida and California increased by 2.7% and 0.7% respectively.

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

Top 10 Largest SF Markets June-23 (# of units YTD, NSA) YTD % Change
(compared to June-22)
Houston-The Woodlands-Sugar Land, TX                                           25,155 -13%
Dallas-Fort Worth-Arlington, TX                                           20,623 -22%
Atlanta-Sandy Springs-Roswell, GA                                           12,104 -19%
Phoenix-Mesa-Scottsdale, AZ                                           11,046 -38%
Charlotte-Concord-Gastonia, NC-SC                                             9,515 -17%
Orlando-Kissimmee-Sanford, FL                                             8,601 -12%
Austin-Round Rock, TX                                             7,696 -41%
Nashville-Davidson–Murfreesboro–Franklin, TN                                             7,378 -21%
Tampa-St. Petersburg-Clearwater, FL                                             6,946 -15%
Riverside-San Bernardino-Ontario, CA                                             6,828 -10%

For multifamily permits, below are the top ten local areas that issued the highest number of permits. 

Top 10 Largest MF Markets June-23 (# of units YTD, NSA) YTD % Change
(compared to June-22)
New York-Newark-Jersey City, NY-NJ-PA                                           15,663 -42%
Dallas-Fort Worth-Arlington, TX                                           13,145 -17%
Houston-The Woodlands-Sugar Land, TX                                           10,663 -11%
Los Angeles-Long Beach-Anaheim, CA                                             9,151 -10%
Miami-Fort Lauderdale-West Palm Beach, FL                                             9,126 26%
Phoenix-Mesa-Scottsdale, AZ                                             9,031 9%
Atlanta-Sandy Springs-Roswell, GA                                             8,925 19%
Austin-Round Rock, TX                                             8,640 -37%
Denver-Aurora-Lakewood, CO                                             6,526 -9%
Charlotte-Concord-Gastonia, NC-SC                                             6,214 25%



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