U.S. Census Bureau Reports Year-Over-Year Single-Family Permits Issued up 5.8%

According to the U.S. Census Bureau, total single-family permits issued for the first seven months of 2020, nationwide totaled 525,623. On a year-over-year basis that is an increase of 5.8% over July 2019 level of 496,726. Year-to-date
ending in July, single-family permits across the four regions ranged from an increase of 8.6% in the South to a decline of -1.7% in the Northeast. In multifamily permits, Midwest reported a 1.4% increase while the other three regions reported declines – Northeast (-6.0%), West (-5.1%), and South (-0.5%). Between July 2019 YTD and July 2020 YTD, 35 states saw growth in single-family permits issued while 14 states and the District of Columbia registered a decline. Louisiana reported no change. The 10 states issuing the highest number.