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Latest Building Permit Data Shows Some Slippage

Nov. 30, 2018
While the national trend for single-family building permits is strong at +5,7% year-to-date through October, some cracks in the market are starting to widen.

There’s been some noticeable softening in the single-permit data in some major markets that had previously been very active, including Seattle (-9.6% year-over-year, through Oct. 2018); Fort Collins, CO (-18.6 over that same period);  and Myrtle Beach, SC (-10.4%). However, some perennial hot spots are still sizzling, with the following markets up double-digits: Phoenix, AZ; Austin and Houston, TX; all major markets in Colorado with the the exception of Fort Collins; and most major markets in the Sunshine State, including Jacksonville, Orlando, Tampa, and Ft. Myers-Cape Coral.

Click here to see the 2018 building permit data through Oct. 2018 in a downloadable Excel format for all states and more than 360 local metropolitan areas. To see the data in an easy-to-view map format, click here.

Source: U.S Census Bureau