Building permits in the United States fell 1.0 percent from a month earlier to a seasonally adjusted annual rate of 1.337 million in December 2022, the lowest level since May 2020, as high inflation and rising mortgage rates hit demand for new housing, revised data showed. Single-family authorizations declined 6.4 percent to a rate of 731 thousand, the lowest since April 2020, while the volatile multi-segment rose 6.3 percent to 606 thousand. Permits were down in the South (-1.7 percent to 740 thousand), Midwest (-12.1 percent to 175 thousand) and Northeast (-2.5 percent to 115 thousand), but were up in the West (9.3 percent to 307 thousand). source: U.S. Census Bureau

Building Permits in the United States averaged 1369.02 Thousand from 1960 until 2022, 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 February 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
2023-01-19 01:30 PM Building Permits Prel Dec 1.33M 1.351M 1.37M 1.4M
2023-01-26 01:00 PM Building Permits Final Dec 1.337M 1.351M 1.33M
2023-02-16 01:30 PM Building Permits Prel Jan 1.337M 1.374M


Related Last Previous Unit Reference
Building Permits 1337.00 1351.00 Thousand Dec 2022
Housing Starts 1382.00 1401.00 Thousand units Dec 2022
New Home Sales 616.00 602.00 Thousand units Dec 2022
Construction Spending -0.40 0.50 percent Dec 2022
Building Permits MoM -1.00 -10.60 percent Dec 2022
Home Ownership Rate 66.00 65.80 percent Sep 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
1337.00 1351.00 2419.00 513.00 1960 - 2022 Thousand Monthly
Volume, SA

News Stream
US Building Permits Fall Less than Initially Thought, Still Lowest in 31 Months
Building permits in the United States fell 1.0 percent from a month earlier to a seasonally adjusted annual rate of 1.337 million in December 2022, the lowest level since May 2020, as high inflation and rising mortgage rates hit demand for new housing, revised data showed. Single-family authorizations declined 6.4 percent to a rate of 731 thousand, the lowest since April 2020, while the volatile multi-segment rose 6.3 percent to 606 thousand. Permits were down in the South (-1.7 percent to 740 thousand), Midwest (-12.1 percent to 175 thousand) and Northeast (-2.5 percent to 115 thousand), but were up in the West (9.3 percent to 307 thousand).
2023-01-26
US Building Permits Drop to 31-Month Low
Building permits in the United States fell 1.6 percent from a month earlier to a seasonally adjusted annual rate of 1.33 million in December 2022, the lowest level since May 2020 and below market expectations of 1.37 million, a preliminary estimate showed. Permits, a proxy for future construction, have been falling as high inflation and rising mortgage rates hit demand for new housing. Single-family authorizations declined 6.5 percent to a rate of 730 thousand, the lowest since April 2020, while the volatile multi-segment rose 5.3 percent to 600 thousand. Permits were down in the South (-1.7 percent to 740 thousand), Midwest (-15.6 percent to 168 thousand) and Northeast (-2.5 percent to 115 thousand), but were up in the West (9.3 percent to 307 thousand).
2023-01-19
US Building Permits Revised Slightly Higher in November
Building permits in the United States tumbled 10.6 percent from a month earlier to a seasonally adjusted annual rate of 1.351 million in November 2022, the lowest level since June 2020 and compared to a preliminary estimate of 1.342 million, revised data showed. Permits, a proxy for future construction, have been falling as soaring prices and rising mortgage rates hit demand and activity. Approvals of units in the multi-family segment were revised up to 0.570 million from 0.561 million in earlier estimates; while permits for single-family units were unchanged at 0.781 million. Permits fell in the Midwest (-5.2% vs -6.2% in early estimates), the South (-12.4% vs 12.2%) and the West (-14.8% vs -16.4%) but rose in the Northeast (5.4% vs 1.8%).
2022-12-23