Single-Family Permit Numbers Fall in First Half of 2019
The number of single-family permits fell 6.1% in June from a year earlier, the National Association of Home Builders reports.
Over the first six months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 417,453. On a year-over-year (YoY) basis, this is a 6.1% decline over the June 2018 level of 444,600.
Year-to-date ending in June, single-family permits reported declines in all four regions. The Midwest, Northeast, South, and the West declined by 9.8%, 3.0%, 3.7%, and 10.2% respectively, compared to the same time period in 2018. The Northeast region had the highest growth in multifamily (8.1%) while the West recorded a decline in multifamily permits growth (-6.3%) during the last 12 months.
Year-to-date, ending in June 2019, the total number of multifamily permits issued nationwide reached 232,682. This is 1.6% ahead of its level over the year 2018, 229,013.
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