Building permits in the United States decreased 2.7 percent from a month earlier to a seasonally adjusted annual rate of 1,387 thousand in September 2019, while markets had expected a 26 percent tumble to 1,350 thousand. Authorisations for the volatile multi-family housing segment fell 8.2 percent to 505 thousand while single-family permits advanced 0.8 percent to 882 thousand, its highest level since February last year. Across regions, permits were down in the Northeast (-25.7 percent to 113 thousand); the Midwest (-5.9 percent to 176 thousand) and the South (-2.9 percent to 732 thousand), but increased in the West (10.2 percent to 366 thousand). Permits for August were revised to 1,425 thousand, the highest level since May 2007, from 1,419 thousand. Building Permits in the United States averaged 1355.46 Thousand from 1960 until 2019, reaching an all time high of 2419 Thousand in December of 1972 and a record low of 513 Thousand in March of 2009.
Building Permits in the United States is expected to be 1210.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Building Permits in the United States to stand at 1150.00 in 12 months time. In the long-term, the United States Building Permits is projected to trend around 1200.00 Thousand in 2020, according to our econometric models.