Permits proceed the downward pattern for the second month in a row. Over the primary two months of 2025, the whole variety of single-family permits issued year-to-date (YTD) nationwide reached 147,119. On a year-over-year (YoY) foundation, it is a decline of 5.2% over the February 2024 stage of 155,236. For multifamily, the whole variety of permits issued nationwide reached 72,979. That is 6.7% under the February 2024 stage of 78,259.
Yr-to-date ending in February, single-family permits have been down in all 4 areas. The Northeast posted the smallest decline of 0.1%, the Midwest was down by 3.0%, the West was down by 4.5% and the South was down by 6.3% in single-family permits throughout this time. For multifamily permits, two out of the 4 areas posted will increase. The South was up by 11.8% and the Midwest was up by 9.7%. In the meantime, the West posted a decline of 18.0% and the Northeast declined steeply by 45.2%.
Between February 2025 YTD and February 2024 YTD, 19 states and the District of Columbia posted a rise in single-family permits. The vary of will increase spanned 133.3% within the District of Columbia to 0.1% in New Jersey. The remaining 31 states reported declines in single-family permits with West Virginia reporting the steepest decline of 21.1%.
The ten states issuing the best variety of single-family permits mixed accounted for 65.6% of the whole single-family permits issued. Texas, the state with the best variety of single-family permits, issued 24,960 permits over the primary two months 2025, which is a decline of 5.6% in comparison with the identical interval final 12 months. The second highest state, Florida, was down by 8.3%, whereas the third highest, North Carolina, posted a decline of 4.5%.
Between February 2025 YTD and February 2024 YTD, 26 states and the District of Columbia recorded progress in multifamily permits, whereas 24 states recorded a decline. Iowa (+177.4%) led the best way with a pointy rise in multifamily permits from 354 to 982, whereas Arizona had the most important decline of 67.5% from 3,209 to 1,044.
The ten states issuing the best variety of multifamily permits mixed accounted for 63.2% of the multifamily permits issued. Over the primary two months of 2025, Florida, the state with the best variety of multifamily permits issued, skilled a rise of 63.0%. Texas, the second-highest state in multifamily permits, noticed a decline of 9.0%. California, the third largest multifamily issuing state, decreased by 21.7%.
On the native stage, under are the highest ten metro areas that issued the best variety of single-family permits.
For multifamily permits, under are the highest ten native areas that issued the best variety of permits.
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