Building permits in the United States surged 13.8 percent to a seasonally adjusted annual rate of 1.524 million in February 2023, following a meager 0.1 percent advance in January and recovering from a 31-month low of 1.337 million in December. It was the highest reading in five months and well above market expectations of 1.34 million, a preliminary estimate showed. In February, single-family authorizations increased 7.6 percent to a rate of 777 thousand, up from January's near three-year low of 722 thousand, while the volatile multi-segment jumped 21.1 percent to 747 thousand. Permits were up in the South (10.9 percent to 845 thousand), West (30.0 percent to 381 thousand) and Midwest (9.6 percent to 195 thousand), but were down in the Northeast (-2.8 percent to 103 thousand). source: U.S. Census Bureau

Building Permits in the United States averaged 1369.13 Thousand from 1960 until 2023, reaching an all time high of 2419.00 Thousand in December of 1972 and a record low of 513.00 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 March of 2023.

Building Permits in the United States is expected to be 1450.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Building Permits



Calendar GMT Actual Previous Consensus TEForecast
2023-02-24 01:30 PM Building Permits Final Jan 1.339M 1.337M
2023-03-16 12:30 PM Building Permits Prel Feb 1.524M 1.339M 1.34M 1.33M
2023-03-23 12:00 PM Building Permits Final Feb 1.339M 1.524M


Related Last Previous Unit Reference
Building Permits 1524.00 1339.00 Thousand Feb 2023
Housing Starts 1450.00 1321.00 Thousand units Feb 2023
New Home Sales 670.00 625.00 Thousand units Jan 2023
Construction Spending -0.10 -0.70 percent Jan 2023
Building Permits MoM 13.80 0.10 percent Feb 2023
Home Ownership Rate 65.90 66.00 percent Dec 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
1524.00 1339.00 2419.00 513.00 1960 - 2023 Thousand Monthly
Volume, SA

News Stream
US Building Permits Rise More than Forecast
Building permits in the United States surged 13.8 percent to a seasonally adjusted annual rate of 1.524 million in February 2023, following a meager 0.1 percent advance in January and recovering from a 31-month low of 1.337 million in December. It was the highest reading in five months and well above market expectations of 1.34 million, a preliminary estimate showed. In February, single-family authorizations increased 7.6 percent to a rate of 777 thousand, up from January's near three-year low of 722 thousand, while the volatile multi-segment jumped 21.1 percent to 747 thousand. Permits were up in the South (10.9 percent to 845 thousand), West (30.0 percent to 381 thousand) and Midwest (9.6 percent to 195 thousand), but were down in the Northeast (-2.8 percent to 103 thousand).
2023-03-16
US Building Permits Remain Close to 31-Month Lows
Building permits in the United States inched 0.1 percent higher to a seasonally adjusted annual rate of 1.339 million in January 2023, remaining close to December's 31-month low, as high inflation and rising borrowing costs continued to weigh on demand for new housing, revised data showed. Single-family authorizations declined 1.2 percent to a rate of 722 thousand, the lowest since April 2020, while the volatile multi-segment rose 1.8 percent to 617 thousand. Permits were down in the West (-4.6 percent to 293 thousand) and Northeast (-7.8 percent to 106 thousand), but were up in the South (3.0 percent to 762 thousand) and Midwest (1.7 percent to 178 thousand).
2023-02-24
US Building Permits Rise Less Than Expected
Building permits in the United States rose 0.1% from a month earlier to a seasonally adjusted annual rate of 1.3 million in January 2023, hovering close to the lowest since May 2020, a preliminary estimate showed. Figures came below market expectations of 1.35 million. Single-family authorizations fell 1.8% to a rate of 718 thousand while the volatile multi-segment rose 2.5% to 621 thousand. Permits increased in the South (+3% to 762 thousand) and Midwest (+1.7% to 178 thousand), but decreased in the Northeast (-7.8% to 106 thousand) and the West (-4.6% to 293 thousand).
2023-02-16