|
Multifamily Permits
| (Seasonally
Adjusted in thousands) |
|
 |
| MOST RECENT
STATISTIC: |
149,000 |
| Multifamily (5+
units) |
129,000 |
| Multifamily (2-4
units) |
20,000 |
| Grade: |
C- |
| PERIOD COVERED: |
July-10 |
| Date Released: |
8/17/10 |
| Next Released: |
9/21/10 |
|
|
|
July-10 |
June-10 |
May-10 |
July-09 |
July-08 |
Multifamily
5+ (000) |
129 |
142 |
120 |
89 |
316 |
| % Change |
-- |
(9.2%) |
7.5% |
44.9%% |
(59.2%) |
|
|
|
|
|
|
Multifamily
2-4 (000) |
20 |
20 |
18 |
19 |
34 |
| % Change |
-- |
-- |
11.1% |
5.3% |
(41.2%) |
|
|
|
|
|
|
| Total (000) |
565 |
583 |
574 |
587 |
9212 |
| % Change |
-- |
(3.1%) |
(1.6%) |
(3.7%) |
(38.7%) |
______________________________
Source:
U.S.
Census Bureau |
5 Busiest States - Not Seasonally
Adjusted)
|
Jun-10
|
Change from Last Year |
 |
| New York
|
2,255
|
94%
|
| Texas
|
1,874
|
47%
|
| California
|
1,517
|
222%
|
| North Carolina
|
927
|
13%
|
| Arkansas
|
688
|
284%
|
|
|
Analysis for the
Housing Market
By:Jonas Adams
In July, the number of multifamily (5+ units) building permits issued decreased moderately from the level seen in June, falling to 129,000 units permitted. This pace put activity in July 9% below the June rate and 8% above the May 2010 level. On a year-over-year basis, multifamily permit issuance was up 45% from July 2009 and 60% below the July 2008 figure.
Permit issuance for buildings with 2 to 4 units was at 20,000 units permitted during the twelve month period ending in July, even with the level seen last month, and 5% above the level seen last July.
State level data, which lag one month behind the national figure, indicate that in June multifamily permit issuance increased by 94% in New York (the top state for multifamily permit activity during the month) from the level seen during the same month last year. At the bottom of the list, permit activity in Arkansas in this segment was 284% above the year ago level.
Definitions and
Importance for the Housing Market
By:Jonas Adams
Data for U.S., regions, states and all metropolitan areas is from the U.S. Department of Commerce, Census Bureau, Construction Statistics Division. The year-to-date and annual data incorporate minor revisions of the corresponding quarterly figures. In most cases, these revisions are less than 2%. Except for the first quarter, which is a year-to-date compilation, the quarterly permit figures represent the sum of the monthly data in each quarter. Thus, some inconsistencies between quarterly and year-to-date figures may appear because Census Bureau revisions do not encompass monthly reports. Permits do not include conversions from non-residential uses and manufactured housing placements.
For more information, see:
http://www.census.gov/const/
C40/Table1/table1a.txt
|
