Building permits in the United States fell 3.9 percent from a month earlier to a seasonally adjusted annual rate of 1,416 thousand in December 2019, missing market expectations of 1,468 thousand. Authorisations for the volatile multi-family housing segment declined 9.6 percent to 500 thousand and single-family permits dropped 0.5 percent to 916 thousand. Across regions, permits went down in the Northeast (-15.7 percent to 134 thousand) and the South (-6.5 percent to 688 thousand), but rose in the Midwest (0.5 percent to 207 thousand); and the West (3.8 percent to 387 thousand). Permits for November were revised to 1,474 thousand from 1,482 thousand. Building Permits in the United States averaged 1355.77 Thousand from 1960 until 2019, reaching an all time high of 2419 Thousand in December of 1972 and a record low of 513 Thousand in March of 2009. source: U.S. Census Bureau
Building Permits in the United States is expected to be 1150.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Building Permits in the United States to stand at 1115.00 in 12 months time. In the long-term, the United States Building Permits is projected to trend around 1200.00 Thousand in 2020, according to our econometric models.