Building permits in the United States soared 6.2 percent from a month earlier to a seasonally adjusted annual rate of 1.639 million in November of 2020, well above market expectations of 1.55 million and the highest level since September 2006. Single family authorizations rose 1.3 percent to a rate of 1.143 million and permits for buildings with five units or more climbed 22.8 percent to a rate of 441 thousand. Across regions permits went up in the Northeast (12.9 percent to 149 thousand), the Midwest (3.8 percent to 219 thousand), the South (4.7 percent to 868 thousand) and the West (8.3 percent to 403 thousand). Permits for October were revised down to 1.544 million from 1.545 million. source: U.S. Census Bureau
Building Permits in the United States averaged 1357.27 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 December of 2020.
Building Permits in the United States is expected to be 1640.00 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 1470.00 in 12 months time. In the long-term, the United States Building Permits is projected to trend around 1200.00 Thousand in 2021 and 1300.00 Thousand in 2022, according to our econometric models.