WASHINGTON
,
October 17, 2023
(press release)
–
Over the first eight months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 615,453. On a year-over-year (YoY) basis, this is 15.6% below the August 2022 level of 728,866. Year-to-date ending in August, single-family permits declined in all four regions. The range of permit decline spanned 10.7% in the Northeast to 21.7% in the West. The South declined by 13.7% and the Midwest declined by 15.4% in single-family permits during this time. For multifamily permits, the percentage decline spanned 8.1% in the South region to 29.1% in the Northeast. The West declined by 12.9% and the Midwest declined by 18.3% in multifamily permits during this time. Between August 2022 YTD and August 2023 YTD, except for Hawaii (+16.8%) and Maryland (+5.2%), all the other states and the District of Columbia reported declines in single-family permits. The range of declines spanned 4.8% in New Jersey to 50.0% in Alaska. The ten states issuing the highest number of single-family permits combined accounted for 63.9% of the total single-family permits issued. Texas, the state with the highest number of single-family permits issued, declined 16.7% in the past 12 months while the next two highest states, Florida and North Carolina declined by 15.8% and 8.8% respectively. Year-to-date, ending in August, the total number of multifamily permits issued nationwide reached 394,257. This is 13.6% below the August 2022 level of 456,244. Between August 2022 YTD and August 2023 YTD, 16 states recorded growth, while 34 states and the District of Columbia recorded a decline in multifamily permits. Delaware (+145.5%) led the way with a sharp rise in multifamily permits from 1220 to 540 while Wyoming had the largest decline of 75.9% from 519 to 125. The ten states issuing the highest number of multifamily permits combined accounted for 64.1% of the multifamily permits issued. Texas, the state with the highest number of multifamily permits issued, declined 19.3% in the past 12 months while the next two highest states, Florida declined by 0.8% and California increased by 7.1%. At the local level, below are the top ten metro areas that issued the highest number of single-family permits. For multifamily permits, below are the top ten local areas that issued the highest number of permits. 
Top 10 Largest SF Markets
Aug-23 (# of units YTD, NSA)
YTD % Change
(compared to Aug-22)
Houston-The Woodlands-Sugar Land, TX
34,841
-3%
Dallas-Fort Worth-Arlington, TX
28,282
-15%
Atlanta-Sandy Springs-Roswell, GA
16,894
-14%
Phoenix-Mesa-Scottsdale, AZ
15,889
-27%
Charlotte-Concord-Gastonia, NC-SC
12,956
-9%
Orlando-Kissimmee-Sanford, FL
11,734
-3%
Austin-Round Rock, TX
10,925
-35%
Nashville-Davidson–Murfreesboro–Franklin, TN
9,897
-14%
Tampa-St. Petersburg-Clearwater, FL
9,578
-17%
Raleigh, NC
8,726
-8%
Top 10 Largest MF Markets
Aug-23 (# of units YTD, NSA)
YTD % Change
(compared to Aug-22)
New York-Newark-Jersey City, NY-NJ-PA
21,605
-40%
Dallas-Fort Worth-Arlington, TX
17,291
-23%
Houston-The Woodlands-Sugar Land, TX
14,057
-22%
Austin-Round Rock, TX
13,999
-18%
Los Angeles-Long Beach-Anaheim, CA
13,324
-1%
Phoenix-Mesa-Scottsdale, AZ
12,688
4%
Miami-Fort Lauderdale-West Palm Beach, FL
12,685
41%
Atlanta-Sandy Springs-Roswell, GA
11,583
-12%
Washington-Arlington-Alexandria, DC-VA-MD-WV
8,669
-31%
Nashville-Davidson–Murfreesboro–Franklin, TN
8,388
191%
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