Currently Reading

Single-Family Permits 12% Higher Than Previous Year

Advertisement
Construction

Single-Family Permits 12% Higher Than Previous Year


January 19, 2021
Single-family home
Photo: Robert Crum

Nationwide, issued single-family permits in November increased 12.2% compared to the previous year, reports the National Association of Home Builders. In November 2020, permits reached 888,217, whereas, in November 2019, permits hit 791,452. Every U.S. region reported a year-over-year increase for single-family permits, while every region also reported a sharp decline in multifamily permits. The South experienced the highest growth of permits with a 14.4% year-over-year growth, and the Northeast saw the smallest increase with 8%. Vermont had the highest growth rate in the country, with a 37.8% increase.

Between November 2019 YTD and November 2020 YTD, 45 states saw growth in single-family permits issued while five states and the District of Columbia registered a decline. Vermont recorded the highest growth rate during this time at 37.8% from 865 to 1,192 while single-family permits in the District of Columbia declined by 19.6%, from 163 in 2019 to 131 in 2020. The 10 states issuing the highest number of single-family permits combined accounted for 61.3% of the total single-family permits issued.

Year-to-date, ending in November 2020, the total number of multifamily permits issued nationwide reached 429,734. This is 8.6% decline over the November 2019 level of 470,070.

Read More
 

Related Stories

Building Materials

Building Material Prices and Availability Top Builders’ List of Challenges

Building material prices, availability, and time it takes to obtain building materials are the biggest problems builders faced last year, and they…

Building Materials

New Homes Cost $24,000 More Due to Lumber Prices, Says NAHB

In April 2020, softwood lumber prices rested at $350 per thousand board feet. Ten months later, that price is now $975 per thousand board feet,…

Construction

Commercial Builders Turn to Residential Sector as Fallback

As residential construction booms, commercial projects face delays, closures, and even cancellations amid little demand. Some commercial…

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.