IRVINE, Calif.--(BUSINESS WIRE) --U.S. Housing Markets, published by the Meyers Group, has just released its 3rd Quarter Flash Report, reporting that the housing market has cooled in major metropolitan areas while smaller metropolitan areas made substantial gains.

With 921,494 permits pulled thus far this year, the year 2000 single-family housing market is running 4% behind last year's record pace. The slowdown is accelerating, as evidenced by 3rd quarter permits that are 7% less than the same period in 1999, and 5% less than 1998. While some are alarmed by the change of direction, the United States is still on pace to have the third best year for single-family housing in the last 20 years.

The slowdown in single-family construction is relatively uniform across the country, with 8 of the 15 largest housing states (all states with 20,000 or more SF permits so far this year) down 5% to 10% in comparison to last year. Texas (83,134 SF permits, up 5%) and Florida (81,680 SF permits, up 1%) are the only two major states with more year-to-date SF permits this year than last year.