Building permits in the US, a proxy for future construction, tumbled 10% to an annualized rate of 1.517 million in August of 2022, well below market expectations of 1.61 million. It was the biggest drop since April 2020 and the lowest level since June 2020. Single-family authorizations dropped 3.5 percent to 899 thousand units, while approvals of units in buildings with five units or more declined 18.5 percent to 571 thousand. Permits fell in the Northeast (-15.2 percent to 139 thousand), the Midwest (-6.5 percent to 201 thousand), the South (-13.5 percent to 802 thousand) and the West (-1.1 percent to 375 thousand). source: U.S. Census Bureau

Building Permits in the United States averaged 1368.60 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 September of 2022.

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 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
2022-08-16 12:30 PM Jul 1.674M 1.696M 1.65M 1.67M
2022-09-20 12:30 PM Aug 1.517M 1.685M 1.61M 1.63M
2022-10-19 12:30 PM Sep 1.517M 1.487M


Related Last Previous Unit Reference
Building Permits 1517.00 1685.00 Thousand Aug 2022
Housing Starts 1575.00 1404.00 Thousand units Aug 2022
New Home Sales 511.00 585.00 Thousand units Jul 2022
Construction Spending -0.40 -0.50 percent Jul 2022
Building Permits MoM -10.00 -0.60 percent Aug 2022
Home Ownership Rate 65.80 65.40 percent Jun 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
1517.00 1685.00 2419.00 513.00 1960 - 2022 Thousand Monthly
Volume, SA

News Stream
US Building Permits Fall the Most Since April 2020
Building permits in the US, a proxy for future construction, tumbled 10% to an annualized rate of 1.517 million in August of 2022, well below market expectations of 1.61 million. It was the biggest drop since April 2020 and the lowest level since June 2020. Single-family authorizations dropped 3.5 percent to 899 thousand units, while approvals of units in buildings with five units or more declined 18.5 percent to 571 thousand. Permits fell in the Northeast (-15.2 percent to 139 thousand), the Midwest (-6.5 percent to 201 thousand), the South (-13.5 percent to 802 thousand) and the West (-1.1 percent to 375 thousand).
2022-09-20
US Building Permits Drop to 10-Month Low in July
Building permits in the US, a proxy for future construction, decreased 1.3% to an annualized rate of 1.674 million in July of 2022, the lowest level since September last year, compared to forecasts of 1.65 million. Single-family authorizations dropped 4.3 percent to 928 thousand units, while approvals of units in buildings with five units or more rose 2.5 percent to 693 thousand. Building permits declined in the West (-12 percent) and the South (-0.1 percent) but increased in the Northeast (9.3 percent) and Midwest (8.1 percent).
2022-08-16
US Building Permits Fall for 3rd Month
Building permits in the US, a proxy for future construction, decreased 0.6% to an annualized rate of 1.685 million in June of 2022, the lowest level since September last year and compared to forecasts of 1.65 million. It was the third consecutive month of declines in permits. Single-family authorizations dropped 8% to 0.967 million while authorizations of units in buildings with five units or more climbed 13.1% to 0.666 million. Building permits declined in the Midwest (-15.7%) and the South (-2.1%) but increased in the Northeast (18%) and in the West (5.8%).
2022-07-19