This Summer Saw a Gain in Single-Family Permit Gains

 

This summer saw a booming housing market. The year-over-year increase in single-family permits was 29.7% over July 2020. In July 2020 there were 525,623 single-family permits issued and in July 2021 there were 681,959 issued.

The uptick was also seen across the country in all four regions year-to-date in July 2021. The Northeast had the highest increase in single-family permits with 32.2%, followed by the south with a 30.4% increase, the West had a 29.8% and the Midwest came in the lowest bust till strong at 25.8%. AS for multifamily permits issued the West was the strongest at 29.8%, Northeast had a 25.6% increase, the South 18% and the Midwest with a 15.7%.

All 50 states and the District of Columbia had growth from July 2020 YTD and July 2021 YTD in single-family permits issued. The highest growth was in the District of Columbia with a 226.1% increase from 65 to 225. The highest 10 states made up 62.4% of the countries total.

Multifamily permits also saw an increase from 270,338 in July 2020 to 328,483 issued in July 2021 which was reported as a 21.5% increase. Thirty-eight states saw growth in multifamily permits while 12 states and the District of Columbia had a decline. New Mexico was the highest with a 295.8% increase from 427 to 1,690. Connecticut had the worst decline from 1,708 to 927 which was a 45.7% decrease. The top ten states totaled 63.2% of the multifamily permits issued.

Top Ten Metro Areas Issued Highest Number of  Single-Family Permits

Metropolitan Statistical Area	Single-family Permits: Jan (Units #YTD, NSA)
Houston-The Woodlands-Sugar Land, TX	32,134
Dallas-Fort Worth-Arlington, TX	32,017
Phoenix-Mesa-Scottsdale, AZ	22,420
Atlanta-Sandy Springs-Roswell, GA	20,352
Tampa-St. Petersburg-Clearwater, FL	1,954
Austin-Round Rock, TX	15,427
Charlotte-Concord-Gastonia, NC-SC	11,493
Orland-Kissimmee-Sanford, FL	10,314
Jacksonville, FL	9,949
Nashville-Davidson–Murfreesboro–Franklin, TN	9,993

 

 

Top Ten Metro Areas Issued Highest Number of  Multifamily Permits

 

Metropolitan Statistical Area	Multifamily Permits: Jan (Units #YTD, NSA)
New York-Newark-Jersey City, NY-NJ-PA	24.685
Dallas-Fort Worth-Arlington, TX	16,796
Austin-Round Rock, TX	16,170
Los Angeles-Long Beach-Anaheim, CA	12,565
Seattle-Tacoma-Bellevue, WA	10,573
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	10,307
Miami-Fort Lauderdale-West Palm Beach, FL	9,090
Phoenix-Mesa-Scottsdale, AZ	9,055
Nashville-Davidson–Murfreesboro–Franklin, TN	8,412
Houston-TheWoodlands-Sugar Land, TX	8,348

 

Click Here For the Source of the Information.

2015 Real Estate Market Statistics

With the housing market being such an important part of the Gross Domestic Product (GDP), the National Association of Home Builders (NAHB) keeps a constant eye on the real estate industry, taking specific measurements of all vital statistics that will keep industry professionals aware of housing trends either before or as they are happening.  There are many ways to measure the growth or shrinkage of housing by just looking at the numbers.  Some of the statistics that are measured monthly include housing permits, housing starts, housing contracts, pending sales, existing home sales, new home sales, and many more.

During the month of January, numbers were complied for housing statistics during the entire year of 2015.  The NAHB reported that housing permits and housing starts were up significantly for the year 2015, compared to 2014.  Year-over-year increases for housing permits were up 12% to 1.18 million permits.  Single-family home building permits were up by 7.9%.  Specifically, December, 2015, saw an increase of 1.8% in building permits compared to November, 2015.

For housing starts, the percentages were also significantly high for 2015 compared to 2014. Total single-family housing starts in 2015 rose 10.4% to 715,300.  At Bedico Creek Preserve, a masterplanned community in the Greater New Orleans area, the completion of 2 more neighborhoods during 2015 with developed lots ready to build has accounted for the significant increase in construction of new homes on our lots.  We have also seen a surge in lot sales to individual owners interested in building a new home on their lot.

With 16 new home builders from which to choose, our home buyers and lot buyers have a selection of styles, quality, and floorplans to begin building their dream home or you can buy a new home for sale that is ready to move in.  If you are interested in a new home community that takes you away from it all with a natural setting and wildlife habitat with quality new home construction, Visit Us at Bedico Creek and Choose Your Lot Today.  Contact Us at 985-845-420 or E-mail Info@LiveBedico.com.

Click Here for the Source of the Information.