Building permits in the United States fell 20.8 percent from a month earlier to a seasonally adjusted annual rate of 1.074 million in April 2020, the lowest level since January 2015 and compared with market expectations of 1 million. Single-family authorizations were down 24.3 percent to a five-year low of 669 thousand, while permits for the volatile multi-segment dropped 14.2 percent to a rate of 405 thousand, the lowest since March 2016. Across regions, permits were down in the South (-14.7 percent to 617 thousand), West (-28 percent to 250 thousand), Midwest (-16.1 percent to 146 thousand) and Northeast (-45.5 percent to 61 thousand).
Building Permits in the United States averaged 1356.37 Thousand from 1960 until 2020, 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 May of 2020. source: U.S. Census Bureau
Building Permits in the United States is expected to be 1100.00 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 2021, according to our econometric models.