Single-family home permits are up 6.3% this year to date, with 444,600 new single-family permits over the first six months of 2018, compared to 418,128 in the first six months of 2017, according to the U.S. Census.
At the regional level, single-family permits grew by 5.7% in the South and 14.2% in the West, but declined by 2.3% in the Northeast and 0.3% in the Midwest, as compared to June 2017’s YTD numbers. Thirty states recorded single-family permit growth, while 20 states and D.C. recorded a decline. Colorado had the highest growth rate at 26.3%, while D.C. had the greatest decline at 66.7%, down from 171 YTD in 2017 to 57 YTD in 2018.
In the single-family sector, Texas led with 64, 879 permits issued year-to-date in June 2018 and Florida came in second with 48,132 during this time. Meanwhile the lowest number came from the District of Columbia with 57 permits. The 10 states issuing the highest number of single-family permits combined accounted for 60.6% of the single-family permits issued.Read More