Single-family residential permits issued year-to-date has reached 664,665 for the first nine months of 2018. On a year-over-year basis, the results show a 5.7% increase, when compared to the September 2017 level of 628,858. While single-family permits grew in the Southern and Western regions of the country, the Midwest and Northeast declined by 0.9% and 6.4% respectively, compared to September’s numbers last year.
Between September 2017 YTD and September 2018 YTD, 27 states saw growth in single-family permits issued while 23 states and the District of Columbia registered a decline. Colorado recorded the highest growth rate during this time at 22.0% while single-family permits in the District of Columbia declined by 67.9%, from 280 in 2017 to 90 in 2018.
In the single-family sector, Texas led with 97,072 permits issued year-to-date in September 2018 and Florida came in second with 72,630 during this time. Meanwhile the lowest number came from the District of Columbia with 90 permits. The 10 states issuing the highest number of single-family permits combined accounted for 60.2% of the single-family permits issued.Read More