{"id":1622,"date":"2025-09-20T21:25:21","date_gmt":"2025-09-20T21:25:21","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/big-drop-in-building-permits-but-construction-pace-is-still-fairly-steady\/"},"modified":"2025-09-20T21:25:21","modified_gmt":"2025-09-20T21:25:21","slug":"big-drop-in-building-permits-but-construction-pace-is-still-fairly-steady","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/big-drop-in-building-permits-but-construction-pace-is-still-fairly-steady\/","title":{"rendered":"Big Drop in Building Permits, But Construction Pace is Still Fairly Steady"},"content":{"rendered":"\n<div>\n<p>The Census Bureau\u2019s latest Residential Construction report showed a mixed picture for August, highlighted by a sharp drop in building permits. Total housing starts (the groundbreaking phase of construction) fell 2.3% to a 1.398 million annual rate, led by a 3.4% decline in single-family starts to 906k. Multifamily activity eased 1.5% to 464k but continues to trend higher over the past several months, signaling sustained demand for apartments and other multi-unit projects.<\/p>\n<p><\/p>\n<p>The standout shift came on the permitting side. Total permits dropped 6.8% to a 1.264 million annual pace\u2014one of the steepest monthly declines in years. Single-family permits slid 5.1% to 827k and multifamily permits fell 9.3% to 437k.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/a.mortgagenewsdaily.com\/assets\/68cd9404093789bb8a64f38a\/68cd9404093789bb8a64f38a.png\" width=\"554\" height=\"477\" alt=\"\"\/><\/p>\n<p>Importantly, though, permits had been running well above starts for much of the year. This latest pullback brings the two measures into closer alignment, suggesting a more balanced pipeline. Note the broadly flat pace of housing starts.\u00a0 This suggests a fairly steady pace of construction for now.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/a.mortgagenewsdaily.com\/assets\/68cd941400739e1b8d7f2da3\/68cd941400739e1b8d7f2da3.png\" width=\"607\" height=\"487\" alt=\"\"\/><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Census Bureau\u2019s latest Residential Construction report showed a mixed picture for August, highlighted by a sharp drop in building permits. Total housing starts (the groundbreaking phase of construction) fell 2.3% to a 1.398 million annual rate, led by a 3.4% decline in single-family starts to 906k. Multifamily activity eased 1.5% to 464k but continues [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[421,877,179,205,906,878,769],"class_list":["post-1622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-big","tag-building","tag-construction","tag-drop","tag-pace","tag-permits","tag-steady"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1622"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1623"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}