Strong Rebound in Single-Family Permits to Start 2024

Construction Statistics
Published

In January 2024, the total number of single-family permits issued year to date (YTD) nationwide reached 75,906 — an increase of 43.1% over the January 2023 level of 53,062.

Single-family permits were up in all four regions in January. Permit increases spanned from 67% in the West to 19.4% in the Northeast. The South was up by 39.4%, and the Midwest was up by 36.5%.

For multifamily permits, the regions were split, with half posting increases and the other posting decreases. The Northeast was up by 64.5%, and the Midwest was up by 13.6%. The South posted a decline of 32.5%, and the West declined by 27.9% in multifamily permits during this time.

Forty-four states posted an increase in single-family permits in January 2024 compared to January 2023. Increases ranged from 128% in Nevada to 2.4% in Mississippi. The 10 states issuing the highest number of single-family permits combined accounted for 67.7% of the total single-family permits issued.

The total number of multifamily permits issued nationwide reached 38,870 YTD ending in January. This is 18.9% below the January 2023 level of 47,936.

Twenty-one 21 states recorded growth in multifamily permits in January 2024 compared to January 2023, while 29 states and the District of Columbia recorded a decline. Wyoming had a sharp rise in multifamily permits from nine to 43 (+377.8%), while Alaska had the greatest decline from 54 to zero. The 10 states issuing the highest number of multifamily permits combined accounted for 68.1% of the multifamily permits issued.

NAHB Assistant Vice President for Forecasting and Analysis Danushka Nanayakkara-Skillington provides more insights, including the top 10 markets for single-family and multifamily permits, in this Eye on Housing post.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Advocacy

Aug 01, 2025

Meet at Home with Your Members of Congress

NAHB members across the nation can build on the success of the June Legislative Conference by meeting with their lawmakers in their home districts in August to discuss key issues that affect the home building industry.

Sponsored Content

Jul 31, 2025

How Home Builders Beat the Labor Crunch with This Fast Financing Plan

Struggling to secure labor can force builders to make tough decisions: Do you delay a project? Sacrifice profits? Or turn down new opportunities? But smart builders don’t just react — they adapt their financing strategy to meet labor challenges head-on.

View all

Latest Economic News

Economics

Jul 31, 2025

Personal Income Rises 0.3% in June

Personal income increased by 0.3% in June, following a 0.4% dip in May, according to the latest data from the Bureau of Economic Analysis. The gains in personal income were largely driven by higher wages and social benefits.

Economics

Jul 31, 2025

Housing Share of GDP: Second Quarter 2025

Housing’s share of the economy registered 16.3% in the second quarter of 2025, according to the advance estimate of GDP produced by the Bureau of Economic Analysis. This reading is unchanged from a revised level of 16.3% in the first quarter and is the same as the share one year ago.

Economics

Jul 30, 2025

Fed Remains on Pause Again

At the conclusion of its July meeting, the Federal Reserve’s monetary policy committee once again held the federal funds rate constant at a top rate of 4.5%. However, two members of the committee dissented from the decision (Fed Board Governors Waller and Bowman), the largest number of dissenting votes since 1993.