Building permits in the United States dropped 7.7 percent from a month earlier to a seasonally adjusted annual rate of 1.589 million in September 2021, the lowest level in a year and well below market expectations of 1.68 million. Builders have been reporting supply chain disruptions and labor shortages, while mortgage rates have been rising due to high inflation, which could also hurt demand for new homes. The volatile multi-segment tumbled 18.3 percent to a rate of 548 thousand and single-family authorizations declined 0.9 percent to a rate of 1.041 million. Permits were down in the South (-6.0 percent to 853 thousand), West (-10.9 percent to 394 thousand), and Northeast (-20.0 percent to 124 thousand). Permits in the Midwest, however, were 0.5 percent higher at 218 thousand. source: U.S. Census Bureau
Building Permits in the United States averaged 1362.47 Thousand from 1960 until 2021, 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 October of 2021.
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 1400.00 Thousand in 2022 and 1300.00 Thousand in 2023, according to our econometric models.