Over the first nine months of 2022, the total number of single-family permits issued year-to-date represents a 7.4% decline from the same nine month period in 2021. Conversely, the number of multifamily permits issued year-to-date increased 17.8% compared to the first nine months of 2021. The metros with the largest number of single-family permits issued include Houston-The Woodlands-Sugar Land, Dallas-Fort Worth-Arlington, Phoenix-Mesa-Scottsdale, Atlanta-Sandy Springs-Roswell, and Austin-Round Rock. New York-Neward-Jersey City, Dallas-Fort Worth-Arlington, Houston-The Woodlands-Sugar Land, Austin-Round Rock, and Los Angeles-Long Beach-Anaheim issued the largest number of multifamily permits, according to the NAHB.
Year-to-date ending in September, single-family permits declined in all four regions. The South posted a modest decline of 5.4%, while the Midwest region reported the steepest decline of 11.0%. The Northeast declined by 8.6% and the Western region reported an 10.0% decline in single-family permits during this time. On the other hand, multifamily permits posted increased in all four regions. Permits were 24.4% higher in the South, 22.5% higher in the Midwest, 11.3% higher in the West, and 6.0% higher in the Northeast.
Between September 2021 YTD and September 2022 YTD, seven states saw growth in single-family permits issued. New Mexico recorded the highest growth rate during this time at 35.2% going from 4,432 permits to 5,993. Forty-three states and the District of Columbia reported a decline in single-family permits during this time with the District of Columbia posting the steepest decline of 36.9% declining from 328 permits to 207. The ten states issuing the highest number of single-family permits combined accounted for 63.7% of the total single-family permits issued.
Year-to-date ending in September, single-family permits declined in all four regions. The South posted a modest decline of 5.4%, while the Midwest region reported the steepest decline of 11.0%. The Northeast declined by 8.6% and the Western region reported an 10.0% decline in single-family permits during this time. On the other hand, multifamily permits posted increased in all four regions. Permits were 24.4% higher in the South, 22.5% higher in the Midwest, 11.3% higher in the West, and 6.0% higher in the Northeast.
