Recent Trends In New Residential Permits for 1999's Top 25 Metro Areas

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Nineteen-ninety-nine’s top two areas in terms of sheer volume of new residential construction -- Atlanta and Phoenix - got off to dramatically different starts during the first month of the new year.

March 08, 2000
1999 Rank   # of units
Permitted
Year-to-date
% Change
Compared to
Year Ago
1 Atlanta GA 5,019 19.5%
2 Phoenix-Mesa AZ 3,131 -28.2
3 Chicago IL 1,810 5.0
4 Washington DC 2,895 6.4
5 Dallas TX 2,189 -31.4
6 Houston TX 2,068 -27.3
7 Orlando FL 1,584 -54.6
8 Las Vegas NV 2,117 7.5
9 Charlotte NC 1,811 -26.9
10 Tampa-St. Petersburg FL 1,394 -16.6
11 Minneapolis MN 1,037 19.6
12 Denver CO 2,400 39.5
13 Raleigh-Durham NC 782 -30.5
14 Riverside-San Bernardino CA 1,549 34.7
15 Seattle WA 1,558 66.3
16 Detroit MI 1,063 113.9
17 Philadelphia PA 1,277 21.3
18 Austin TX 1,267 -8.6
19 Kansas City MO-KS 1,238 75.9
20 San Diego CA 956 -47.6
21 Columbus OH 796 73.8
22 Indianapolis IN 709 -10.1
23 New York NY 1,084 -13.6
24 Portland, OR 796 -24.0
25 Los Angeles, CA 1,382 50.1
Source: U.S. Department of Commerce; Professional Builder

Nineteen-ninety-nine’s top two areas in terms of sheer volume of new residential construction -- Atlanta and Phoenix - got off to dramatically different starts during the first month of the new year. However, given the fact that weather and other special factors (including the tardy official recording of issued permits) can distort these numbers for any particular month, it’s much too early to draw conclusions about the relative strength or weakness of the year 2000 residential market in any metropolitan area.

Noteworthy are the great January permit volumes realized by Kansas City, Columbus, Seattle, and Los Angeles - all four areas coming in more than 50% above their January 1999 levels. Impressive gains were also realized in areas as diverse as the Denver, Riverside-San Bernardino, Philadelphia, and Minneapolis areas. Among the major home building markets, areas in Texas and Florida generally were slowest off the mark during the first month of this new year.

Also See:

Housing Starts

Consumer Confidence by Region

New Residential Building Permits by Region

Building Materials Price Inflation

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