By the National Association of Homebuilders (NAHB)
Housing permits continued a downhill trend for the fourth month in a row, pointing to a broader residential construction slowdown for 2025. Over the first four months of 2025, the total number of single-family permits issued year to date (YTD) nationwide reached 320,259 — a decline of 4.7% over April 2024. For multifamily, the total number of permits issued nationwide reached 154,668 — 1.5% below the April 2024 level of 157,076.
Single-family permits were down in three out of the four regions, with only the Northeast posting an increase (5.7%). For multifamily permits, three out of the four regions posted increases, with the Northeast declining steeply by 37.7%.
