Single-Family and Multifamily Permits on the Rise

Despite supply shortages and high market demand in some regions of the United States, metropolitan areas like Houston, Texas and Newark, New Jersey are seeing a substantial increase in single-family and multifamily construction permits.

Home building is making a modest recovery after the 2020 pandemic with construction rates over 130% higher than in 2011, says the NAHB.

Home construction slowed after 2007 as a result of the 2008 Great Recession, but home building staged a slow, modest recovery over the last decade, with a sharp acceleration in 2020 due to the pandemic.

In 2020, according to the U.S. Census Bureau, builders applied for 979,360 single-family permits, which is 134% higher than the 2011 level of 418,498. For multifamily construction, 491,781 permits were issued in 2020. This is 139% higher than in 2011.

At the state level, Texas takes the top spot as three out of the five largest single-family markets are located in the Lone Star state.

For a full list of the top 20 markets for single-family and multifamily permits …

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