For 2022, U.S. total number of single-family permits issued year-to-date (YTD) nationwide reached 972,180. On a year-over-year (YoY) basis, this is 12.5% below the 2021 level of 1,111,414, according to the National Association of Home Builders (NAHB).
Bild: NAHB
Year-to-date ending in December, single-family permits declined in all four regions. The South posted a decline of 10.4%, while the Western region reported the steepest decline of 15.9%. The Northeast declined by 12.5% and the Midwest declined by 15.8% for single-family permits during this time. On the other hand, multifamily permits posted increased in all but one region, Northeast (-17.1%). Permits were 23.8% higher in the South, 12.7% higher in the Midwest, and 3.6% higher in the West.
Between December 2021 YTD and December 2022 YTD, New Mexico, Montana, and the District of Columbia saw growth in single-family permits issued. New Mexico recorded the highest growth rate during this time at 33.5% going from 5,492 permits to 7,331. Forty-eight states reported a decline in single-family permits during this time with Colorado posting the steepest decline of 30.0% declining from 34,244 permits to 23,965. The ten states issuing the highest number of single-family permits combined accounted for 63.5% of the total single-family permits issued.
Bild: NAHB
Year-to-date, ending in December, the total number of multifamily permits issued nationwide reached 679,898. This is 9.9% ahead of the December 2021 level of 618,496.
Between December 2021 YTD and December 2022 YTD, 35 states and the District of Columbia recorded growth, while 15 states recorded a decline in multifamily permits. Georgia led the way with a sharp rise (130.2%) in multifamily permits from 12,973 to 29,863 while Pennsylvania had the largest decline of 71.0% from 29,901 to 8679. The ten states issuing the highest number of multifamily permits combined accounted for 63.4% of the multifamily permits issued.
Bild: NAHB
