Building permits in the United States fell by 3.7% to a seasonally adjusted annual rate of 1.467 million in March 2024, revised from a preliminary estimate of 1.458 million. This latest decline follows a 2.3% uptick in February, plunging permits to their lowest point since last September and signaling sustained sluggishness in the housing market, influenced by historically high borrowing costs. Single-family authorizations declined by 4.7% to a four-month low of 983 thousand, while approvals for the volatile multi-segment were down by 1.4% to 484 thousand. Across different US regions, permit declines in the South (-0.3% to 774 thousand), the Midwest (-13.9% to 199 thousand), and the Northeast (-20.3% to 161 thousand) offset gains in the West (6.1% to 333 thousand). source: U.S. Census Bureau
Building Permits in the United States decreased to 1467 Thousand in March from 1523 Thousand in February of 2024. Building Permits in the United States averaged 1371.52 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 May of 2024.
Building Permits in the United States decreased to 1467 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.