Building permits in the United States rose 0.6 percent from a month earlier to a seasonally adjusted annual rate of 1,296 thousand in April 2019, after declining for three consecutive months and above market expectations of a 0.5 percent gain. Permits for the volatile multi-family housing segment jumped 8.9 percent to 514 thousand, while single-family authorisations fell 4.2 percent to 782 thousand. Across regions, permits increased in the West (5.3 percent to 339 thousand) and Midwest (2.2 percent to 188 thousand), but dropped in the South (-1.2 percent to 649 thousand) and Northeast (-4.0 percent to 120 thousand). Permits for March were revised to 1,288 thousand from 1,269 thousand. Building Permits in the United States averaged 1355.36 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 1250.00 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.