US Building Permits Higher than Expected

Building permits in the United States increased by 0.2% to a seasonally adjusted annualized rate of 1.397 million in June 2025, above market expectations of 1.39 million.

Permits for buildings with five or more units rose by 8.1% to an annualized rate of 478 thousand, while single-family permits decreased by 3.7% to 866 thousand.

Regionally, permits increased in the South (4.4% to 775 thousand), and were flat in the Midwest (at 217 thousand), but declined in the Northeast (-11.4% to 109 thousand) and the West (-5.1% to 296 thousand).