GNRC Economic Data Highlights - Sept 2021

Source: HUD State of the Cities Database

Housing Stock: Residential Building Permits

Year to Year, % Change in Residential Building Permits 2015‐2020

25%

23%

22%

Building in our region has been increasing in recent years and outpaced the state in 2019. The greatest boom took place from 2018 to 2019 with a 23% increase in residential building permits.

20%

20%

15%

12%

10%

11%

10%

5%

5%

2%

0%

2015‐2016

2016‐2017

2017‐2018

2018‐2019

2019‐2020

‐2%

‐5%

‐8%

‐10%

Tennessee

GNRC REGION

35

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