Western and some southern states lead residential permit growth

home building

home building

By Danushka Nanayakkara-Skillington | NAHB

Over the first five months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 363,327. On a year-over-year basis, this is an 8.0% increase over the May 2017 level of 336,410. The results from the SOC are similar, year-to-date single-family permits over the first five months of 2018 was, 363,700 which is 8.6% ahead of its level over the same period of 2017, 335,000*.

NAHB

Year-to-date, across the country, single-family permits grew in all the regions except in the Northeast where it declined by 1.0% compared to May 2017 YTD. Out of the nine Northeastern states, only three, New Hampshire, New York, and Pennsylvania recorded an increase in single-family permit growth during this time while the other six states declined. Western region had the highest growth in single-family while South recorded the highest multifamily permits growth during the last 12 months.

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories