Single-family residential building permits are down significantly across Northwest Arkansas compared to last year’s numbers. 

• Ups and downs: Through Sept, 1,163 permits were issued across NWA, down 20.7% from the 1,467 permits issued in 2021. The combined value of permits is $514.9m, up 10% to last year’s $468.1m. 
• Laborers: According to a report from Construction Coverage, wages for real construction laborers in the NWA area dropped nearly 4.9% from 2019-2021.  

Learn more about real estate and building trends HERE.