Single-family permits rebound slowly in November


Over the first eleven months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 791,452. On a year-over-year (YoY) basis, this is a 1.0% decline over the November 2018 level of 799,679, according to NAHB.

Year-to-date ending in November, single-family permits reported declines in three regions and a slight increase in the South. The Northeast reported the steepest decline by 5.0%. The West and Midwest declined by 3.8% and 4.9% respectively, compared to the same time period in 2018. The Northeast region had the highest growth in multifamily (30.1%) while the Midwest recorded the lowest growth in multifamily permits (0.6%) during the last 12 months as housing affordability concerns reduce production of both single-family and multifamily residences.

Between November 2018 YTD and November 2019 YTD, 18 states and the District of Columbia saw growth while 31 states registered a decline. South Dakota recorded no change. The District of Columbia recorded the highest growth rate during this time at 56.7% from 104 to 163, while Montana declined by 21.2%, from 2,504 in 2018 to 1,974 in 2019. The 10 states issuing the highest number of single-family permits combined accounted for 60.7% of the total single-family permits issued.

- Sponsor -

Year-to-date, ending in November 2019, the total number of multifamily permits issued nationwide reached 470,070. This is 11.3% ahead of its level over the year 2018, 422,456.

See more at NAHB’s Eye on Housing blog.

Stay Updated

Get our email newsletter with LBM industry trends, data, new products, and best practices.