Single-Family Permits: Declines in the Midwest and Northeast
Over the first nine months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 664,665. On a year-over-year basis, this is a 5.7 percent increase over the September 2017 level of 628,858. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits over the first nine months of 2018 was, 663,800 which is 5.5 percent ahead of its level over the same period of 2017, 628,900. However, recent months have registered a notable slowdown for construction.
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