BY DANUSHKA NANAYAKKARA-SKILLINGTON on AUGUST 14, 2019

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.

Between June 2018 YTD and June 2019 YTD, eight states and the District of Columbia saw growth in single-family permits issued while 42 states registered a decline. The District of Columbia recorded the highest growth rate during this time at 89.5% from 57 to 108 while single-family permits in Montana declined by 24.9%, from 1380 in 2018 to 1037 in 2019. The 10 states issuing the highest number of single-family permits combined accounted for 61.1% of the total single-family permits issued.

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.

Between June 2018 YTD and June 2019 YTD, 28 states and the District of Columbia recorded growth while 22 states recorded a decline in multifamily permits. Maryland led the way with a sharp rise (114.2%) in multifamily permits from 1844 to 3950, while North Dakota had the largest decline of 78.6% from 459 to 98. The 10 states issuing the highest number of multifamily permits combined accounted for 62.7% of the multifamily permits issued.