Building permits in the US, a proxy for future construction, dropped 7% to an annualized rate of 1.695 million in May of 2022, the lowest level since September last year and well below forecasts of 1.785 million. Permits fell for a second time after staying above 1.8 million in the past five months. Single-family authorizations dropped 5.5% to 1.048 million and authorizations of units in buildings with five units or more fell 10% to 0.592 million. Building permits declined in all four regions: Northeast (-20.2%), West (-7.1%), Midwest (-7.6%) and South (-4.7%). source: U.S. Census Bureau

Building Permits in the United States averaged 1367.55 Thousand from 1960 until 2022, 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 July of 2022.

Building Permits in the United States is expected to be 1750.00 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 1600.00 Thousand in 2023 and 1500.00 Thousand in 2024, according to our econometric models.

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United States Building Permits



Calendar GMT Actual Previous Consensus TEForecast
2022-05-18 12:30 PM Apr 1.819M 1.879M 1.812M 1.82M
2022-06-16 12:30 PM May 1.695M 1.823M 1.785M 1.79M
2022-07-19 12:30 PM Jun 1.695M


Related Last Previous Unit Reference
Building Permits 1695.00 1823.00 Thousand May 2022
Housing Starts 1549.00 1810.00 Thousand units May 2022
New Home Sales 696.00 629.00 Thousand units May 2022
Construction Spending -0.10 0.80 percent May 2022
Building Permits MoM -7.00 -3.00 percent May 2022
Home Ownership Rate 65.40 65.50 percent Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1695.00 1823.00 2419.00 513.00 1960 - 2022 Thousand Monthly
Volume, SA

News Stream
US Building Permits Drop 7%
Building permits in the US, a proxy for future construction, dropped 7% to an annualized rate of 1.695 million in May of 2022, the lowest level since September last year and well below forecasts of 1.785 million. Permits fell for a second time after staying above 1.8 million in the past five months. Single-family authorizations dropped 5.5% to 1.048 million and authorizations of units in buildings with five units or more fell 10% to 0.592 million. Building permits declined in all four regions: Northeast (-20.2%), West (-7.1%), Midwest (-7.6%) and South (-4.7%).
2022-06-16
US Building Permits Fall to 5-Month Low in April
Building permits in the United States dropped 3.2 percent from a month earlier to a seasonally adjusted annual rate of 1.819 million in April of 2022, the lowest in five months but above market expectations of 1.812million. Authorizations for buildings with five units or more went down 0.6 percent to 656 thousand and those for single-family declined 4.6 percent to a rate of 1,110 thousand. Permits fell in the Northeast (-11.9 percent to 163 thousand), the Midwest (-3.5 percent to 251 thousand) and in the West (-8.4 percent to 423 thousand) but increased in the South (1 percent to 982 thousand).
2022-05-18
US Building Permits Beat Forecasts
Building permits in the United States increased 0.4 percent from a month earlier to a seasonally adjusted annual rate of 1.873 million in March of 2022, above market expectations of 1.825 million. Authorizations for buildings with five units or more surged 10.9 percent to 672 thousand while those for single-family declined 4.8 percent to a rate of 1,147 thousand. Permits climbed in the Northeast (11.1 percent to 190 thousand) and the Midwest (2.8 percent to 258 thousand) but fell in the South (-0.1 percent to 959 thousand) and the West (-3.5 percent to 466 thousand).
2022-04-19