This piece ran in the Washington Business Journal in the Nov. 10, 2017 edition. The graphic was prepared by the Washington Business Journal using data supplied by the Institute.
Between January and September 2017, a total of 19,015 new home permits were issued in the Washington region, 1.3 percent (245 permits) fewer than in the same period in 2016. This under-performance was the result of multi-family home permits, which decreased 14.7 percent in 2017 compared to 2016. However, the number of multi-family permits issued in 2016 was the second highest on record, with data going back to 1990. The number of single-family permits increased 11.0 percent through September 2017 compared to the same period in 2016. Single-family permits have increased each year since 2014 and are on track to reach their highest level since 2013.