Single-Family Permits Issued Most in Southern States

Compared to the number of active listings, there are 680,000 fewer homes for sale across the country, according to the National Association of Realtors (NAR), but single-family permits issued show heavy construction in store for these 10 markets. Housing starts slowed in April after a booming March, but 46% of metro areas have issued more single-family permits than historical averages. Southern states are picking up construction the fastest: the top 10 markets with the most single-family permits issued are in Texas, Georgia, Florida, and Tennessee. These permits point toward a robust increase in single-family homes over the next 10 to 12 months.

We also identified the areas with the fastest/slowest growth of single-family permits. Since last year, the year-over-year comparisons may look much higher due to the “base effect,” we compare them with the 12-month average in the last 20 years of single-family building permits.

Areas with the fastest/slowest growth of single-family building permits:
In the areas below, the number of single-family building permits is more than twice the number of single-family building permits in the last 20 years.

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