Building permits in the United States fell by 4.3% to a seasonally adjusted annual rate of 1.458 million in March 2024, reversing the 2.3% increase observed in February and falling short of market expectations of 1.514 million, according to a preliminary estimate. Permits have reached their lowest level since July last year, signaling continued subdued activity in the housing market amid record borrowing costs. Single-family authorizations declined by 5.7% to a five-month low of 973 thousand, while approvals for the volatile multi-segment were down by 1.2% to 485 thousand. Across different US regions, permit declines in the South (-0.6% to 771 thousand), the Midwest (-14.7% to 197 thousand), and the Northeast (-20.8% to 160 thousand) offset gains in the West (5.1% to 330 thousand). source: U.S. Census Bureau

Building Permits in the United States decreased to 1458 Thousand in March from 1523 Thousand in February of 2024. Building Permits in the United States averaged 1371.33 Thousand from 1960 until 2024, 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 April of 2024.

Building Permits in the United States decreased to 1458 Thousand in March from 1523 Thousand in February of 2024. Building Permits in the United States is expected to be 1600.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-25 11:20 AM Building Permits Final Feb 1.524M 1.489M 1.518M
2024-04-16 12:30 PM Building Permits Prel Mar 1.458M 1.523M 1.514M 1.51M
2024-04-23 12:00 PM Building Permits Final Mar 1.524M 1.458M 1.458M


Related Last Previous Unit Reference
Building Permits 1458.00 1523.00 Thousand Mar 2024
Building Permits MoM -4.30 2.30 percent Mar 2024
Construction Spending MoM -0.30 -0.20 percent Feb 2024
Home Ownership Rate 65.70 66.00 percent Dec 2023
Housing Starts 1321.00 1549.00 Thousand units Mar 2024
Housing Starts MoM -14.70 12.70 percent Mar 2024
Housing Starts Multi Family 377.00 347.00 Thousand units Feb 2024
Housing Starts Single Family 1129.00 1012.00 Thousand units Feb 2024
New Home Sales 662.00 664.00 Thousand units Feb 2024
New Home Sales MoM -0.30 1.70 percent Feb 2024

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
1458.00 1523.00 2419.00 513.00 1960 - 2024 Thousand Monthly
Volume, SA

News Stream
US Building Permits Drop to 8-Month Low
Building permits in the United States fell by 4.3% to a seasonally adjusted annual rate of 1.458 million in March 2024, reversing the 2.3% increase observed in February and falling short of market expectations of 1.514 million, according to a preliminary estimate. Permits have reached their lowest level since July last year, signaling continued subdued activity in the housing market amid record borrowing costs. Single-family authorizations declined by 5.7% to a five-month low of 973 thousand, while approvals for the volatile multi-segment were down by 1.2% to 485 thousand. Across different US regions, permit declines in the South (-0.6% to 771 thousand), the Midwest (-14.7% to 197 thousand), and the Northeast (-20.8% to 160 thousand) offset gains in the West (5.1% to 330 thousand).
2024-04-16
US Building Permits Rise More than Initially Thought in February
Building permits in the United States rose by 2.4% to a seasonally adjusted annual rate of 1.524 million in February 2024, marking the highest level since August and revised slightly higher from a preliminary estimate of 1.518 million. Approvals for the volatile multi-segment surged by 5.1% to a rate of 492 thousand, up from January's over three-year low, while single-family authorizations also saw a 2.4% uptick to 1.032 million, reaching the highest level since May 2022. Across different US regions, permit gains in the Midwest (11.1% to 231 thousand) and the Northeast (34.9% to 201 thousand) offset declines in the South (-2.0% to 777 thousand) and the West (-7.1% to 315 thousand).
2024-03-25
US Building Permits Hit 6-Month High
Building permits in the United States surged by 1.9% to a seasonally adjusted annual rate of 1.518 million in February 2024, exceeding market projections of 1.495 million and marking the highest level since August. Approvals for the volatile multi-segment rose by 4.1% to a rate of 487 thousand, while single-family authorizations also saw a 1.0% uptick to 1.031 million, reaching the highest level since May 2022. Across different US regions, permit gains in the Midwest (3.8% to 216 thousand) and the Northeast (36.2% to 203 thousand) offset declines in the South (-1.3% to 783 thousand) and the West (6.8% to 316 thousand).
2024-03-19