09/08/2026
Single-Family Home Construction Declines, But New Permits Offer Glimmer of Hope
The latest data on single-family home construction shows a 9.9% decline from June and a 15.7% drop year-over-year, with total starts down 12.4%. Every region felt the slowdown, with the Northeast seeing the sharpest decrease. Yet, there’s a bit of optimism: building permits are up 5%, hinting at possible future demand—even as high mortgage rates and construction costs persist. Having spent over three decades investing in real estate and drawing from years of experience managing sales teams, I always keep a close eye on these trends. For buyers and sellers in Seattle, understanding the ebb and flow of new construction and permits can help you plan your next steps with confidence.