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New-Home Construction Rising

Thursday, April 28, 2022   /   by Ken Couture

New-Home Construction Rising

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Montana’s new-home construction is booming. The state had the highest growth rate nationwide annually in February, with residential housing permits surging 121%, the National Association of Home Builders reports.
Overall, single-family permits nationwide—a gauge of future construction—has increased by 3.5% year over year in February. Between February 2021 and February 2022, 28 states and the District of Columbia posted growth in single-family permits.

Meanwhile, 22 states posted a decline in single-family permits annually in February. Pennsylvania saw the steepest decline at 26.7%.
By metro level, the following seven metro areas saw the highest overall number of single-family permits in February annually:
  • Houston-The Woodlands-Sugar Land, Texas
  • Dallas-Fort Worth-Arlington, Texas
  • Phoenix-Mesa-Scottsdale, Ariz.
  • Atlanta-Sandy Springs-Roswell, Ga.
  • Austin-Round Rock, Texas
  • Charlotte-Concord-Gastonia, N.C.-S.C.
  • Orlando-Kissimmee-Sanford, Fla.

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