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HomeMacroeconomicsSingle-Family Permits Decline in September 2022

Single-Family Permits Decline in September 2022



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Over the first nine months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 800,424. On a year-over-year (YoY) basis, this is 7.4% below the September 2021 level of 864,184.

Year-to-date ending in September, single-family permits declined in all four regions. The South posted a modest decline of 5.4%, while the Midwest region reported the steepest decline of 11.0%. The Northeast declined by 8.6% and the Western region reported an 10.0% decline in single-family permits during this time. On the other hand, multifamily permits posted increased in all four regions. Permits were 24.4% higher in the South, 22.5% higher in the Midwest, 11.3% higher in the West, and 6.0% higher in the Northeast.

Between September 2021 YTD and September 2022 YTD, seven states saw growth in single-family permits issued. New Mexico recorded the highest growth rate during this time at 35.2% going from 4,432 permits to 5,993. Forty-three states and the District of Columbia reported a decline in single-family permits during this time with the District of Columbia posting the steepest decline of 36.9% declining from 328 permits to 207. The ten states issuing the highest number of single-family permits combined accounted for 63.7% of the total single-family permits issued.

Year-to-date, ending in September, the total number of multifamily permits issued nationwide reached 516,955. This is 17.8% ahead of the September 2021 level of 438,700.

Between September 2021 YTD and September 2022 YTD, 41 states and the District of Columbia recorded growth, while nine states recorded a decline in multifamily permits. Georgia led the way with a sharp rise (159.9%) in multifamily permits from 8,375 to 21,766 while Delaware had the largest decline of 75.1% from 962 to 240. The ten states issuing the highest number of multifamily permits combined accounted for 63.5% of the multifamily permits issued.

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

Metropolitan Statistical Area Single-Family Permits: Sep-22 (Units #YTD, NSA)
Houston-The Woodlands-Sugar Land, TX                                                                                          39,590
Dallas-Fort Worth-Arlington, TX                                                                                          36,445
Phoenix-Mesa-Scottsdale, AZ                                                                                          23,399
Atlanta-Sandy Springs-Roswell, GA                                                                                          21,743
Austin-Round Rock, TX                                                                                          18,320
Charlotte-Concord-Gastonia, NC-SC                                                                                          15,496
Orlando-Kissimmee-Sanford, FL                                                                                          13,017
Nashville-Davidson–Murfreesboro–Franklin, TN                                                                                          12,781
Tampa-St. Petersburg-Clearwater, FL                                                                                          12,639
Jacksonville, FL                                                                                          11,395

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

Metropolitan Statistical Area  Multifamily Permits: Sep-22 (Units #YTD, NSA)
New York-Newark-Jersey City, NY-NJ-PA                                                                                        38,978
Dallas-Fort Worth-Arlington, TX                                                                                        24,071
Houston-The Woodlands-Sugar Land, TX                                                                                        21,070
Austin-Round Rock, TX                                                                                        18,682
Los Angeles-Long Beach-Anaheim, CA                                                                                        16,008
Washington-Arlington-Alexandria, DC-VA-MD-WV                                                                                        15,484
Seattle-Tacoma-Bellevue, WA                                                                                        15,208
Atlanta-Sandy Springs-Roswell, GA                                                                                        14,831
Phoenix-Mesa-Scottsdale, AZ                                                                                        13,816
Minneapolis-St. Paul-Bloomington, MN-WI                                                                                        12,617
 



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