Over the first 11 months of 2022, the total number of single-family permits issued year to date reached 921,626, approximately 10.5% lower than the same period in 2021. Single-family permits declined year to date in all four regions, with the largest declines in the Midwest. Conversely, multifamily permits increased in all but one region, the Northeast.
Between November 2021 YTD and November 2022 YTD, five states and the District of Columbia saw growth in single-family permits issued. New Mexico recorded the highest growth rate during this time at 37.5% going from 5,083 permits to 6,989. Forty-five states reported a decline in single-family permits during this time with Colorado posting the steepest decline of 27.9% declining from 31,741 permits to 22,900. The ten states issuing the highest number of single-family permits combined accounted for 63.4% of the total single-family permits issued.
Year-to-date, ending in November, the total number of multifamily permits issued nationwide reached 624,128. This is 14.8% ahead of the November 2021 level of 543,508.
Between November 2021 YTD and November 2022 YTD, 37 states and the District of Columbia recorded growth, while 13 states recorded a decline in multifamily permits. Georgia led the way with a sharp rise (141.7%) in multifamily permits from 11,385 to 27,520 while Delaware had the largest decline of 57.5% from 1,235 to 525. The ten states issuing the highest number of multifamily permits combined accounted for 63.3% of the multifamily permits issued.
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