Single-Family Permits Show Increase in February

The first two months of 2024 saw the total number of single-family permits issued year-to-date (YTD) nationwide reach 155,236, which represents a year-over-year (YOY) increase of 38.4% over February 2023 (112,131), according to the National Association of Home Builders' Eye On Housing.

Year-to-date ending in February, the number of single-family permits had risen in all four U.S. regions: 54.2% in the West, 42.7% in the Midwest, 34.6% in the South, and 22.2% in the Northeast. Drilling down into more detail for individual states ...

Between February 2024 YTD and February 2023 YTD, 48 states posted an increase in single-family permits. Rhode Island, Alaska, and the District of Columbia reported declines in single-family permits. The range of increases spanned 106.4% in Montana to 3.3% in North Dakota. The ten states issuing the highest number of single-family permits combined accounted for 66.6% of the total single-family permits issued. Texas, the state with the highest number of single-family permits, issued 26,454 permits over the first two months of 2024, which is an increase of 49.0% compared to the same period last year. The succeeding highest state, Florida, was up by 27.2% while the next highest, North Carolina, posted an increase of 25.4%.

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