Single-Family Residential Permits Decline 4% in Northeast

While single-family permits grew in the Southern and Western regions of the country, the National Association of Builders reports the Northeast declined in permits by 4.1% compared to August 2017 year-to-date. States including Virginia, Pennsylvania, New Jersey, Massachusetts, and Connecticut all registered declines in growth rate, according to the NAHB map. Although the Northeast was down, permits issued nationwide is still up, reaching 599,117.

Between August 2017 YTD and August 2018 YTD, 32 states saw growth in single-family permits issued while 18 states and the District of Columbia registered a decline. Colorado recorded the highest growth rate during this time at 22.6% while single-family permits in the District of Columbia declined by 69.3%, from 251 in 2017 to 77 in 2018.

In the single-family sector, Texas led with 87,395 permits issued year-to-date in August 2018 and Florida came in second with 65,427 during this time. Meanwhile the lowest number came from the District of Columbia with 66 permits. The 10 states issuing the highest number of single-family permits combined accounted for 60.4% of the single-family permits issued.