Building permits in the United States rose 4.2 percent from a month earlier to a seasonally adjusted annual rate of 1.653 million in October 2021, revised data showed. source: U.S. Census Bureau

Building Permits in the United States averaged 1362.86 Thousand from 1960 until 2021, reaching an all time high of 2419 Thousand in December of 1972 and a record low of 513 Thousand in March of 2009. This page provides the latest reported value for - United States Building Permits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Building Permits - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Building Permits in the United States is expected to be 1700.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Building Permits is projected to trend around 1400.00 Thousand in 2022 and 1300.00 Thousand in 2023, according to our econometric models.

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United States Building Permits

Calendar GMT Actual Previous Consensus TEForecast
2021-10-19 12:30 PM Sep 1.589M 1.721M 1.68M 1.69M
2021-11-17 01:30 PM Oct 1.65M 1.586M 1.638M 1.661M

Related Last Previous Unit Reference
Building Permits 1653.00 1586.00 Thousand Oct/21
Housing Starts 1520.00 1530.00 Thousand units Oct/21
New Home Sales 745.00 742.00 Thousand units Oct/21
Construction Spending 0.20 -0.10 percent Oct/21
Building Permits MoM 4.20 -7.80 percent Oct/21
Home Ownership Rate 65.40 65.40 percent Sep/21

News Stream
US Building Permits Beat Forecasts
Building permits in the United States rose 4 percent from a month earlier to a seasonally adjusted annual rate of 1.650 million in October of 2021, above market expectations of 1.638 million. Permits for buildings with five units or more jumped 6.5 percent to a rate of 528 thousand and single-family authorizations rose 2.7 percent to a rate of 1.069 million. Permits were up in the Midwest (8.3 percent to 234 thousand); West (8.1 percent to 429 thousand); Northeast (4.8 percent to 130 thousand) and South (0.9 percent to 857 thousand).
US Building Permits Fall to 1-Year Low
Building permits in the United States dropped 7.7 percent from a month earlier to a seasonally adjusted annual rate of 1.589 million in September 2021, the lowest level in a year and well below market expectations of 1.68 million. Builders have been reporting supply chain disruptions and labor shortages, while mortgage rates have been rising due to high inflation, which could also hurt demand for new homes. The volatile multi-segment tumbled 18.3 percent to a rate of 548 thousand and single-family authorizations declined 0.9 percent to a rate of 1.041 million. Permits were down in the South (-6.0 percent to 853 thousand), West (-10.9 percent to 394 thousand), and Northeast (-20.0 percent to 124 thousand). Permits in the Midwest, however, were 0.5 percent higher at 218 thousand.
US Building Permits Beat Expectations in August
Building permits in the United States rose 6.0 percent from a month earlier to a seasonally adjusted annual rate of 1.728 million in August 2021, the highest level since April and well above market expectations of 1.60 million. The volatile multi-segment jumped 15.8 percent to a rate of 674 thousand and single-family authorizations were up 0.6 percent to a rate of 1.054 million. Permits were up across all regions: the South (6.7 percent to 914 thousand); West (3.5 percent to 445 thousand); Midwest (0.9 percent to 215 thousand); and Northeast (18.5 percent to 154 thousand).

United States Building Permits
Building Permits refer to the approvals given by a local jurisdictions before the construction of a new or existing building can legally occur. Not all areas of the United States require a permit for construction.