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.