Single-Family Permits Up in October 2024
Over the first 10 months of 2024, the total number of single-family permits issued year to date (YTD) nationwide reached 846,446 — an increase of 9.4% from the October 2023 level of 773,526.
Single-family permits were up in all four regions YTD ending in October: West (13.6%), Midwest (12.4%), Northeast (10.8%) and South (7.2%).
Between October 2024 YTD and October 2023 YTD, 46 states posted an increase in single-family permits. The range of increases spanned 33% in Montana to 0.7% in Florida.
Four states and the District of Columbia reported declines:
- New Mexico (-1.3%),
- District of Columbia (-1.4%),
- New Hampshire (-2.6%),
- Alaska (-4.4%), and
- Hawaii (-5.2%)
The 10 states issuing the highest number of single-family permits combined accounted for 62.9% of the total single-family permits issued. Texas, the state with the highest number of single-family permits, issued 136,374 permits over the first 10 months of 2024, which is an increase of 9.7% compared to the same period last year. The second highest state, Florida, was up by 0.7%, while the third highest, North Carolina, posted an increase of 7.9%.
Here are the top 10 metro areas that issued the highest number of single-family permits:
Top 10 Largest Single-Family Markets | # of Units YTD (Oct. 2024) NSA | YTD % Change (Compared to Oct. 2023) |
Houston-Pasadena-The Woodlands, TX | 45,310 | 4% |
Dallas-Fort Worth-Arlington, TX | 40,563 | 13% |
Phoenix-Mesa-Scottsdale, AZ | 26,296 | 29% |
Atlanta-Sandy Springs-Roswell, GA | 22,340 | 9% |
Charlotte-Concord-Gastonia, NC-SC | 16,266 | 0% |
Austin-Round Rock, TX | 14,468 | 1% |
Orlando-Kissimmee-Sanford, FL | 12,779 | -13% |
Nashville-Davidson-Murfreesboro-Franklin, TN | 12,609 | 4% |
Raleigh, NC | 11,760 | 11% |
Tampa-St. Petersburg-Clearwater, FL | 11,414 | -7% |
Danushka Nanayakkara-Skillington, NAHB assistant vice president for forecasting and analysis, provides more details — including trends and top markets for multifamily permits — in this Eye on Housing post.
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