Building permits in the United States dropped 5.1 percent from a month earlier to a seasonally adjusted annual rate of 1.598 million in June 2021, missing market expectations of 1.7 million. It was the third straight period of decline in building permits, which hit their lowest level since October 2020. Single-family authorizations dropped 6.3 percent to a rate of 1.063 million while permits for the volatile multi-segment fell 2.6 percent to a rate of 535 thousand. Permits were down across all regions: the South (-3.0 percent to 871 thousand); the West (-7.4 percent to 376 thousand); the Midwest (-6.7 percent to 208 thousand); and the Northeast (-8.3 percent to 143 thousand). source: U.S. Census Bureau
Building Permits in the United States averaged 1361.32 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 July of 2021.
Building Permits in the United States is expected to be 1470.00 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 1300.00 in 12 months time. In the long-term, the United States Building Permits is projected to trend around 1300.00 Thousand in 2022, according to our econometric models.