THE BLOG
03/10/2014 11:12 am ET | Updated May 10, 2014

Construction Activity Declines 6% in February

The total number of building permits issued across the U.S. in February 2014, represented a month-over-month decline of 6 percent after accounting for seasonal variability.

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The month-over-month decline was consistent between the commercial and residential sectors of the market.

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Drilling down, we see that many of the residential gainers were in warmer climate areas like Cabarrus County, FL; Escambria County, FL; and Charlotte, NC. Conversely, many of the decliners were in cold weather climates, including Cleveland, OH; Columbus, OH; Howard County, MD and Madison, WI.

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This pattern could also be observed within the commercial sector. One exception was Columbus, OH, which showed healthy growth in the commercial sector despite a decline in the residential sector in February.

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For more industry analysis, please visit BuildZoom.

Notes on the analysis 
  • In February, 85,549 building permits were collected and analyzed from 92 regionally stratified regulatory agencies with available permit data.
  • Several major cities (e.g. San Francisco, Chicago & Boston) had not released February 2014 data when this article was written and were not included in the analysis.
  • Seasonal indices were developed using 10 years of permit data gathered from 40 regulatory agencies.