Single-Family Permits Hold Steady in April
Over the first four months of 2024, the total number of single-family permits issued year to date (YTD) nationwide reached 336,124. This is an increase of 25.3% on a year-over-year basis over the April 2023 level of 268,205.
Single-family permits were up in all four regions YTD in April. The range of permit increase spanned 36.4% in the West to 12.6% in the Northeast. The Midwest was up by 27.2%, and the South was up by 22.7% in single-family permits during this time.
For multifamily permits, three out of the four regions posted declines. The Northeast — the only region to post an increase — was up by 51.2%, while the West posted a decline of 36.4%, the South declined by 27.9%, and the Midwest declined by 11.6%.
At the local level, below are the top 10 metro areas that issued the highest number of single-family permits.
| Top 10 Largest Single-Family Markets | April 2024 - # of Units YTD, NSA | YTD % Change (Compared to April 2023) |
| Houston-The Woodlands-Sugar Land, TX | 18,828 | 22% |
| Dallas-Fort Worth-Arlington, TX | 16,404 | 29% |
| Phoenix-Mesa-Scottsdale, AZ | 11,056 | 68% |
| Atlanta-Sandy Springs-Roswell, GA | 9,398 | 27% |
| Charlotte-Concord-Gastonia, NC-SC | 6,746 | 9% |
| Austin-Round Rock, TX | 6,322 | 31% |
| Tampa-St. Petersburg-Clearwater, FL | 5,369 | 27% |
| Nashville-Davidson-Murfreesboro-Franklin, TN | 4,873 | 9% |
| Jacksonville, FL | 4,519 | 29% |
| Orlando-Kissimmee-Sanford, FL | 4,488 | -16% |
For multifamily permits, below are the top 10 local areas that issued the highest number of permits.
| Top 10 Largest Multifamily Markets | April 2024 - # of Units YTD, NSA | YTD % Change (Compared to April 2023) |
| New York-Newark-Jersey City-NY-NJ-PA | 18,811 | 85% |
| Dallas-Fort Worth-Arlington, TX | 9,161 | 16% |
| Phoenix-Mesa-Scottsdale, AZ | 6,003 | -17% |
| Atlanta-Sandy Springs-Roswell, GA | 5,237 | -10% |
| Miami-Fort Lauderdale-West Palm Beach, FL | 4,244 | -36% |
| Houston-The Woodlands-Sugar Land, TX | 4,225 | -45% |
| Los Angeles-Long Beach-Anaheim, CA | 4,134 | -24% |
| Austin-Round Rock, TX | 4,128 | -32% |
| Seattle-Tacoma-Bellevue, WA | 3,875 | 3% |
| Washington-Arlington-Alexandria-DC-VA-MD-WV | 3,766 | 8% |
Danushka Nanayakkara-Skillington, NAHB’s assistant vice president for forecasting and analysis, provides more state-by-state analysis in this Eye on Housing post.
Latest from NAHBNow
Stay informed on the issues shaping the residential construction industry by reviewing the monthly update talking points. The latest edition features messages related to tariffs and the economy.
The Environmental Protection Agency (EPA) has proposed a new Construction General Permit (CGP) that would replace the current federal permit when it expires in February 2027. Comments are due Sept. 2, and the EPA will hold a webinar Aug. 18 to review the proposed changes.
Latest Economic News
The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June.
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.