Over the first four months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 336,124. On a year-over-year (YoY) basis, this is an increase of 25.3% over the April 2023 level of 268,205.
Year-to-date ending in April, single-family permits were up in all four regions. The range of permit increase spanned 36.4% in the West to 12.6% in the Northeast. The Midwest was up by 27.2% and the South was up by 22.7% in single-family permits during this time. For multifamily permits, three out of the four regions posted declines. The Northeast, the only region to post an increase, was up by 51.2%, while the West posted a decline of 36.4%, the South declined by 27.9%, and the Midwest declined by 11.6%.
Between April 2024 YTD and April 2023 YTD, 48 states and the District of Columbia posted an increase in single-family permits. Rhode Island (-7.7%) and Alaska (-17.3%) reported declines in single-family permits. The range of increases spanned 63.8% in Arizona to 3.2% in Hawaii. The ten states issuing the highest number of single-family permits combined accounted for 64.9% of the total single-family permits issued. Texas, the state with the highest number of single-family permits, issued 56,832 permits over the first four months of 2024, which is an increase of 29.4% compared to the same period last year. The succeeding highest state, Florida, was up by 17.1% while the next highest, North Carolina, posted an increase of 17.2%.
Year-to-date ending in April, the total number of multifamily permits issued nationwide reached 157,076. This is 20.1% below the April 2023 level of 196,589.
Between April 2024 YTD and April 2023 YTD, 15 states recorded growth in multifamily permits, while 35 states and the District of Columbia recorded a decline. Oklahoma (+247.5%) led the way with a sharp rise in multifamily permits from 335 to 1,164, while Oregon had the biggest decline of 75.4% from 3,394 to 834. The ten states issuing the highest number of multifamily permits combined accounted for 65.8% of the multifamily permits issued. Over the first four months of 2024, Texas, the state with the highest number of multifamily permits issued, experienced a decline of 27.9%. Following closely, the second-highest state in multifamily permits, Florida, saw a decline of 33.2%. New York, the third largest multifamily issuing state, increased by 130.4%.
At the local level, below are the top ten metro areas that issued the highest number of single-family permits.
For multifamily permits, below are the top ten local areas that issued the highest number of permits.
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