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Western and Some

Southern States Lead

Residential Permit Growth

Over the first quarter of 2018, the total number of month of 2017, 97,313. The results from the SOC
single-family permits issued nationwide reached show an increase of 7.7% in multifamily permits
199,861. On a year-over-year basis, this is a 6.0% over the third month of 2018, 104,900 compared to
increase over the March 2017 level of 188,593. The the same period of 2017, 97,400.
results from the SOC are similar, single-family Between March 2017 to March 2018, 25 states and
permits over the third month of 2018 was, 198,600 the District of Columbia recorded growth while 25
which is 5.3% ahead of its level over the same states recorded a decline in multifamily permits.
period of 2017, 188,600*. Rhode Island lead the way with a growth rate of
Between March 2017 and March 2018, 26 states 1225.0%, from 4 to 53, while Mississippi had the
saw growth in single-family permits issued while largest decline of 89.22% from 790 to 85.
24 states and the District of Columbia registered In the multifamily sector, California issued the
a decline. Seventeen states, including California, highest number of permits YTD in March 2018 at
recorded a growth above 6.0%. Idaho had the 12,819, with Florida and Texas issuing the second
highest growth rate during this time at
42.3% while single-family permits in the
District of Columbia declined by 69.1%, but
from a small base, from 145 in 2017 to 34
in 2018.
In the single-family sector, Texas led with
30,801 permits issued year-to-date in
March 2018 and Florida came in second
with 21,803 during this time. Meanwhile
the lowest number came from the
District of Columbia with 34 permits. The
10 states issuing the highest number
of single-family permits combined
accounted for 63.0% of the single-family
permits issued.
Year-to-date, ending in March 2018,
the total number of multifamily permits
issued nationwide reached 105,562. This
is 8.5% ahead of its level over the third

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JUNE 2018 | GREATER SAN ANTONIO BUILDERS ASSOCIATION