Single-Family Residential Permits Soar in Some US Regions, Sharply Decline in Others
Single-family residential permits went up by more than 6% from last August in the U.S. Despite an overall climb in permits, the Northeast saw an overall decline of more than 4%, and the Midwest did not see any change at all. According to the New Residential Construction Survey by the United States Census Bureau, most single-family construction seems to be taking place in the Southern and Western regions of the U.S. as states like Colorado and New Mexico saw increases by more than 20% compared to last year.
Thirty-two states saw an overall growth in single-family permits and 18 states and Washington, DC, saw a decline. Colorado saw the highest increase at 22.6% and Washington, DC, dropped off by 69.3%.
The District of Columbia also had the lowest number of permits issued in total, coming in at just 66. Texas had the most with 87,395 permits year-to-date in August and Florida followed behind with 65,427 permits. The 10 states with the highest number of permits issued accounted for about 60% of all permits issued year-to-date in August.
—Christie Citranglo, editorial associate