10/20/2026
Building Permits Remain Stable Amid Market Adjustments
In August, we saw an 11.9% drop in new residential construction completions from the previous month and a 27.1% drop compared to last year. These numbers reflect the challenges many families are feeling: high mortgage rates, rising costs, and shifting demand are all at play. While permits held steady—remaining just above last year’s level—starts were mixed: single-family construction ticked up slightly, but multifamily saw a decline. With over 20 years of experience helping families through every market shift, I know how important it is to keep a close eye on these trends as you plan your next chapter.