October Single-Family Permit Gains
Over the first ten months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 948,321. On a year-over-year (YoY) basis, this is a 17.3% increase over the October 2020 level of 808,301.
Year-to-date ending in October, single-family permits increased in all four regions. Southern region reported the strongest increase of 19.1%, followed by Northeast (+18.5%), West (+15.6%), and Midwest (+12.4%). Multifamily permits were robust across the country in October compared to last year; West (+38.6%), Midwest (+30.3%), South (+23.8%), and Northeast (+15.5%).
Between October 2020 YTD and October 2021 YTD, 48 states and the District of Columbia saw growth in single-family permits issued. The District of Columbia recorded the highest growth rate during this time at 213.0% from 115 to 360. Mississippi Maryland reported a decline during this time. The 10 states issuing the highest number of single-family permits combined accounted for 62.2% of the total single-family permits issued.
Year-to-date, ending in October 2021, the total number of multifamily permits issued nationwide reached 490,172. This is 27.3% ahead over the October 2020 level of 385,107.
Between October 2020 YTD and October 2021 YTD, 41 states recorded growth while nine states and the District of Columbia recorded a decline in multifamily permits. New Mexico led the way with a sharp rise (180.0%) in multifamily permits from 694 to 1,943, while Connecticut had the largest decline of 51.3% from 2,700 to 1,316. The 10 states issuing the highest number of multifamily permits combined accounted for 63.2% of the multifamily permits issued.
At the local level, below are top 10 metro areas that issued the highest number of single-family permits.
For multifamily permits, below are the top 10 local areas that issued the highest number of permits: