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he 10 largest metros accounted for 37.2% of multi-family permits in 2024.
April 23, 2025
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The audio-only version of Episode 117 of the Today’s Electrical Economy podcast series sponsored by Champion Fiberglass explores the impact of tariffs on electrical stocks & looks...
April 11, 2025
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Check out our picks for the fastest-growing counties or download the local market data for more than 1,500 U.S. Counties.
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Builders in several of the best metros for residential construction pulled more permits than many states.
Aug. 8, 2024
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Last year was not the best of times for U.S. single-family building permits because high mortgage rates scared away potential homebuyers. At the national level, in 2023 single...
Feb. 22, 2024
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While permit activity is down year-over-year, some markets continue to shine.
Nov. 30, 2023
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These 25 metros look like good bets for solid growth in 2024.
Oct. 5, 2023
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Housing starts outpaced permits in July with a +6.7% increase in single-family starts.
Aug. 25, 2023
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The construction market has always been a land of the haves and have-nots to some degree, but every once in a while, a statistic pops up that really floors you. That was the case...
May 18, 2023

Home Builders Concerned with Tariffs, But Some Hot Metros Will See Stellar Growth

Check out which metros may be the most active residential markets in 2025.
April 11, 2025
3 min read
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Although U.S. single-family building permits saw some decent growth in 2024, with a +6.7% increase to 981,834, home builder are concerned about the impact of tariffs on many of the key building materials they install in homes. The National Association of Home Builders (NAHB) estimates that last year 7.3% of all building materials used in new residential construction were from a foreign country. In a recent NAHB/Wells Fargo Housing Market Index survey, home builders said new tariffs could add $9,200 to the cost of a new home.

Fortunately for home builders, softwood lumber from Canada and gypsum board from Mexico are so far exempt from any additional tariffs.  NAHB says Canada accounts for roughly 85% of all U.S. softwood lumber imports and accounts for nearly a quarter of the available supply in the U.S. In an official statement to the media, NAHB Chairman Buddy Hughes said, “While the complexity of these reciprocal tariffs makes it hard to estimate the overall impact on housing, they will undoubtedly raise some construction costs. However, NAHB is pleased President Trump recognized the importance of critical construction inputs for housing and chose to continue current exemptions for Canadian and Mexican products, with a specific exemption for lumber from any new tariffs at this time.”

Home builders are off to a bit of a slow start in 2025, with February single-family permits dropping to an annual rate of 992,000, -0.2% below the January figure and -3.4% down from Feb. 2024’s mark. Despite the sluggish move into 2025’s building season, some local Metropolitan Statistical Areas (MSAs) are coming off a terrific year of growth in 2024. For instance, builders in the Phoenix-Mesa-Chandler, AZ, MSA, pulled 5,356 more permits than in 2023 for a +21.6% gain. Other markets with +20% year-over-year gains and increase of at least 1,000 building permits were Las Vegas-Henderson-Paradise, NV, MSA (+21.7%); San Antonio-New Braunfels, TX, MSA (+24.7%); Indianapolis-Carmel-Anderson, IN, MSA (+22%); Boise City, ID, MSA (+27.1%); Ocala, FL, (+27.6%); and Fresno, CA, MSA (+44.1%).


As has been the case for as long as Electrical Marketing has been analyzing building permit data, a relative handful of markets account for the lion’s share of the residential building permit activity. 
In the 100 MSAs that logged the most building permits (see table on pages 3-4), about a dozen Intermountain and Sunbelt states accounted for most of the permits. Florida had 18 MSAs in the Top 100, followed by California (9); North Carolina (8); South Carolina (6); Texas (6); Georgia (4); Utah (4); Tennessee (4); Colorado (3); and Arizona (3). The Top 100 MSAs in the table accounted for 705,048 single-family permits; 72% of the total, while the Top 50 MSAs accounted for 56% of all single-family permits pulled in 2024. Top 10 accounted for 25%.


Although the residential market is responsible for only 15% to 20% of the typical electrical distributor’s sales according to Electrical Wholesaling data, it’s still a critically important market for the electrical industry, because new housing draws in all sorts of other commercial construction activity, including retail strip malls, big box stores and Main St. shops; hospitals and medical buildings; schools; and houses of worship. While the residential market will be in for a challenging year because of tariffs, the uncertain economy, and zoning restrictions for new development, it will continue to be one of the most important markets in the electrical construction industry.

Click on File Below to Download 2024 Annual Building Permits for All Metros & States