The total number of single-family permits issued year-to-date through October 2022 represented an 8.7% decrease from the same period in 2021, according to an analysis by the NAHB. Single-family permits recorded the strongest declines in the Midwest and West (both down 11.6% year-over-year), with the most modest declines occurring in the South (down 6.8% year-over-year). Houston-The Woodlands-Sugar Land, Texas; Dallas-Fort Worth-Arlington, Texas; Phoenix-Mesa-Scottsdate, Arizona; Atlanta-Sandy Springs-Roswell, Georgia; and Austin-Round Rock, Texas issued the highest number of single-family permits year-to-date in 2022.
Between October 2021 YTD and October 2022 YTD, seven states saw growth in single-family permits issued. New Mexico recorded the highest growth rate during this time at 39.2% going from 4,718 permits to 6,567. Forty-three states and the District of Columbia reported a decline in single-family permits during this time with Colorado posting the steepest decline of 26.0% declining from 29,358 permits to 21,726. The ten states issuing the highest number of single-family permits combined accounted for 63.5% of the total single-family permits issued.
Year-to-date, ending in October, the total number of multifamily permits issued nationwide reached 575,671. This is 17.4% ahead of the October 2021 level of 490,172.
Multifamily permits posted increased in all four regions. Permits were 27.7% higher in the South, 17.8% higher in the Midwest, 9.1% higher in the West, and 2.4% higher in the Northeast.
