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.