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Building Permits | Real Estate |
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Permits lead home construction by about a month, but permits are not required in all regions of the country, and the level of permits tends to be less than the level of starts over time. Permits taken out in order to allow excavation. → Read More...
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 2. Building Permits (1 of 10) 1. Housing Starts (2 of 10) 3. Case Shiller Index (3 of 10) 4. New Home Sales (4 of 10) 5. Existing Home Sales (5 of 10) 6. Pending Home Sales (6 of 10) 7. Housing Market Index (7 of 10) 8. FHFA House Price Index (8 of 10) 9. MBA Purchase Applications (9 of 10) 10. Mortgae Rates 30-Year (10 of 10)
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Big Chart | Large Data |
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Building Permits | Real Estate |
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Today's Week |
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Release Schedule | 2026 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| SCHEDULE 2026 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Prior |
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| Prior Revised |
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| CONSENSUS |
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| Consensus Low |
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| Consensus High |
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| PERMITS UNITS |
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| RATING |
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| Month For |
Dec-25 |
Jan-26 |
Feb-26 |
Mar-26 |
Apr-26 |
May-26 |
Jun-26 |
Jul-26 |
Aug-26 |
Sep-26 |
Oct-26 |
Nov-26 |
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Release Schedule | 2025 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| SCHEDULE 2025 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
1.505 M |
1.483 M |
1.483 M |
1.456 M |
1.482 M |
1.412 M |
1.393 M |
1.397 M |
1.354 M |
... |
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| Prior Revised |
1.493 M |
1.482 M |
1.473 M |
1.459 M |
1.481 M |
1.407 M |
1.394 M |
1.393 M |
1.362 M |
... |
... |
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| CONSENSUS |
1.458 M |
1.470 M |
1.450 M |
1.450 M |
1.450 M |
1.430 M |
1.380 M |
1.390 M |
1.370 M |
... |
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| Consensus Low |
1.450 M |
1.440 M |
1.375 M |
1.414 M |
1.430 M |
1.400 M |
1.300 M |
1.350 M |
1.365 M |
... |
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| Consensus High |
1.500 M |
1.490 M |
1.475 M |
1.500 M |
1.470 M |
1.450 M |
1.430 M |
1.400 M |
1.400 M |
... |
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| PERMITS UNITS |
1.483 M |
1.483 M |
1.456 M |
1.482 M |
1.412 M |
1.393 M |
1.397 M |
1.354 M |
1.312 M |
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| RATING |
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| Month For |
Dec-24 |
Jan-25 |
Feb-25 |
Mar-25 |
Apr-25 |
May-25 |
Jun-25 |
Jul-25 |
Aug-25 |
Sep-25 |
Oct-25 |
Nov-25 |
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Release Schedule | 2024 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| SCHEDULE 2024 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Prior |
1.460 M |
1.495 M |
1.470 M |
1.518 M |
1.458 M |
1.440 M |
1.386 M |
1.446 M |
1.396 M |
1.475 M |
1.428 M |
1.416 M |
| Prior Revised |
1.467 M |
1.493 M |
1.489 M |
1.523 M |
1.485 M |
No |
1.399 M |
1.454 M |
1.406 M |
1.470 M |
1.425 M |
1.419 M |
| CONSENSUS |
1.478 M |
1.510 M |
1.500 M |
1.510 M |
1.480 M |
1.450 M |
1.395 M |
1.430 M |
1.410 M |
1.500 M |
1.400 M |
1.430 M |
| Consensus Low |
1.418 M |
1.475 M |
1.475 M |
1.450 M |
1.350 M |
1.400 M |
1.310 M |
1.353 M |
1.235 M |
1.400 M |
1.400 M |
1.311 M |
| Consensus High |
1.500 M |
1.525 M |
1.520 M |
1.541 M |
1.500 M |
1.490 M |
1.450 M |
1.480 M |
1.450 M |
1.500 M |
1.500 M |
1.450 M |
| PERMITS UNITS |
1.495 M |
1.470 M |
1.518 M |
1.458 M |
1.440 M |
1.386 M |
1.446 M |
1.396 M |
1.475 M |
1.428 M |
1.416 M |
1.505 M |
| RATING |
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| Month For |
Dec-23 |
Jan-24 |
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
Aug-24 |
Sep-24 |
Oct-24 |
Nov-24 |
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Release Schedule | 2023 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| SCHEDULE 2023 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
1.342 M |
1.330 M |
1.339 M |
1.524 M |
1.413 M |
1.416 M |
1.491 M |
1.440 M |
1.442 M |
1.543 M |
1.473 M |
1.487 M |
| Prior Revised |
1.351 M |
1.337 M |
1.339 M |
1.550 M |
1.437 M |
1.417 M |
1.496 M |
1.441 M |
1.443 M |
1.541 M |
1.471 M |
1.498 M |
| CONSENSUS |
1.380 M |
1.350 M |
1.340 M |
1.441 M |
1.430 M |
1.433 M |
1.483 M |
1.464 M |
1.440 M |
1.450 M |
1.463 M |
1.470 M |
| Consensus Low |
1.340 M |
1.320 M |
1.320 M |
1.390 M |
1.410 M |
1.329 M |
1.425 M |
1.450 M |
1.429 M |
1.320 M |
1.320 M |
1.372 M |
| Consensus High |
1.400 M |
1.375 M |
1.350 M |
1.560 M |
1.490 M |
1.500 M |
1.525 M |
1.496 M |
1.460 M |
1.491 M |
1.490 M |
1.500 M |
| PERMITS UNITS |
1.330 M |
1.339 M |
1.524 M |
1.413 M |
1.416 M |
1.491 M |
1.440 M |
1.442 M |
1.543 M |
1.473 M |
1.487 M |
1.460 M |
| RATING |
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| Month For |
Dec 22 |
Jan-23 |
Feb-23 |
Mar-23 |
Apr-23 |
May-23 |
Jun-23 |
Jul-23 |
Aug-23 |
Sep-23 |
Oct-23 |
Nov-23 |
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Release Schedule | 2022 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| SCHEDULE 2022 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
1.712 M |
1.873 M |
1.899 M |
1.859 M |
1.873 M |
1.819 M |
1.695 M |
1.685 M |
1.674 M |
1.517 M |
1.564 M |
1.526 M |
| Prior Revised |
1.717 M |
1.885 M |
1.895 M |
1.865 M |
1.873 M |
1.823 M |
No |
1.696 M |
1.685 M |
No |
No |
1.512 M |
| CONSENSUS |
1.710 M |
1.760 M |
1.850 M |
1.830 M |
1.815 M |
1.780 M |
1.666 M |
1.650 M |
1.621 M |
1.550 M |
1.516 M |
1.495 M |
| Consensus Low |
1.660 M |
1.730 M |
1.638 M |
1.805 M |
1.790 M |
1.720 M |
1.600 M |
1.550 M |
1.580 M |
1.580 M |
1.465 M |
1.450 M |
| Consensus High |
1.720 M |
1.800 M |
1.900 M |
1.870 M |
1.850 M |
1.840 M |
1.750 M |
1.725 M |
1.675 M |
1.655 M |
1.650 M |
1.530 M |
| PERMITS UNITS |
1.873 M |
1.899 M |
1.859 M |
1.873 M |
1.819 M |
1.695 M |
1.685 M |
1.674 M |
1.517 M |
1.564 M |
1.526 M |
1.342 M |
| RATING |
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| Month For |
Dec 21 |
Jan-22 |
Feb-22 |
Mar-22 |
Apr-22 |
May-22 |
Jun-22 |
Jul-22 |
Aug-22 |
Sep-22 |
Oct-22 |
Nov-22 |
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Release Schedule | 2021 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| SCHEDULE 2021 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
1.547 M |
1.709 M |
1.881 M |
1.682 M |
1.766 M |
1.760 M |
1.681 M |
1.598 M |
1.635 M |
1.728 M |
1.589 M |
1.650 M |
| Prior Revised |
1.578 M |
1.704 M |
1.886 M |
1.720 M |
1.755 M |
1.733 M |
1.683 M |
1.594 M |
1.630 M |
1.721 M |
1.586 M |
1.653 M |
| CONSENSUS |
1.558 M |
1.670 M |
1.750 M |
1.750 M |
1.780 M |
1.750 M |
1.700 M |
1.620 M |
1.610 M |
1.680 M |
1.630 M |
1.655 M |
| Consensus Low |
1.520 M |
1.600 M |
1.600 M |
1.600 M |
1.700 M |
1.725 M |
1.650 M |
1.600 M |
1.580 M |
1.620 M |
1.585 M |
1.560 M |
| Consensus High |
1.589 M |
1.715 M |
1.862 M |
1.862 M |
1.800 M |
1.845 M |
1.740 M |
1.680 M |
1.685 M |
1.725 M |
1.650 M |
1.700 M |
| PERMITS UNITS |
1.709 M |
1.881 M |
1.682 M |
1.770 M |
1.760 M |
1.681 M |
1.598 M |
1.635 M |
1.728 M |
1.589 M |
1.650 M |
1.712 M |
| RATING |
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| Month For |
Dec 20 |
Jan-21 |
Feb-21 |
Mar-21 |
Apr-21 |
May-21 |
Jun-21 |
Jul-21 |
Aug-21 |
Sep-21 |
Oct-21 |
Nov-21 |
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Brief News | 2026 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| DATE/WEEK |
HIGHLIGHTS |
FOR |
STARTS |
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Building Permits |
No 12 |
... |
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Nov-2026 |
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Building Permits |
No 11 |
... |
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Oct-2026 |
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Building Permits |
No 10 |
... |
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Sep-2026 |
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Building Permits |
No 9 |
1.312 M |
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Aug-2026 |
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Building Permits |
No 8 |
... |
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Jul-2026 |
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Building Permits |
No 7 |
... |
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Jun-2026 |
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Building Permits |
No 6 |
... |
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May-2026 |
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Building Permits |
No 5 |
1.312 M |
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Apr-2026 |
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Building Permits |
No 4 |
... |
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Mar-2026 |
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Building Permits |
No 3 |
... |
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Feb-2026 |
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Building Permits |
No 2 |
... |
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Jan-2026 |
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Building Permits |
No 1 |
1.312 M |
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Dec-2025 |
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Brief News | 2025 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| DATE/WEEK |
HIGHLIGHTS |
FOR |
STARTS |
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Housing Starts |
No 12 |
... |
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Nov-2025 |
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Housing Starts |
No 11 |
... |
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Oct-2025 |
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Housing Starts |
No 10 |
... |
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Sep-2025 |
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Permits for future single-family homebuilding decreased 2.2% to a rate of 856,000 units. A National Association of Home Builders survey on Tuesday showed sentiment among homebuilders remained subdued in September, though expectations for higher sales over the next six months improved. Builders are increasingly cutting prices and offering other incentives to reduce the inventory bloat. New housing inventory is near levels last seen in late 2007. |
No 9 |
1.312 M |
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Aug-2025 |
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Groundbreaking for new U.S. single-family homes and permits for future construction ticked higher in July even as high mortgage rates and economic uncertainty continued to hamper home purchases, while overall residential construction was buoyed by a surge in new apartment projects. Permits for future single-family homebuilding edged up 0.5% to a rate of 870,000 units, snapping a four-month skid. Decreased by 2.8% to a rate of 1.354 million units, with single-family permits showing a slight increase. |
No 8 |
1.354 M |
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Jul-2025 |
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In this period, Building Permits increased by 0.2% to 1,397,000. Permits for future single-family homebuilding decreased 3.7% to a rate of 866,000 units.Housing Starts in the United States (US) rose by 4.6% in June to a seasonally adjusted annual rate of 1,321,000, U.S. single-family homebuilding and permits for future construction fell sharply in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter. Single-family housing starts, which account for the bulk of homebuilding, dropped 4.6% to a seasonally adjusted annual rate of 883,000 units last month, the Commerce Department's Census Bureau said on Friday. |
No 7 |
1.397 M |
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Jun-2025 |
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In May 2025, housing starts in the US experienced a significant drop, reaching a seasonally adjusted annual rate of 1.256 million units, according to the US Census Bureau. In May 2025, privately-owned housing units authorized by building permits in the US were at a seasonally adjusted annual rate of 1,393,000. This figure represents a 2.0% decrease from the revised April rate of 1,422,000 and a 1.0% decrease compared to May 2024. Single-family authorizations in May were at a rate of 898,000, down 2.7% from the revised April figure of 923,000, according to the U.S. Census Bureau. |
No 6 |
1.393 M |
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May-2025 |
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In April 2025, U.S. housing starts rose to a seasonally adjusted annual rate of 1.361 million, a 1.6% increase from March.In April 2025, the seasonally adjusted annual rate of privately-owned housing units authorized by building permits was 1,412,000. This represents a decrease from the previous month's rate of 1,467,000. Specifically, single-family permits fell by 5.1% to 922,000, while multi-family permits decreased by 3.7% to 490,000, according to Pro Builder. |
No 5 |
1.412 M |
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Apr-2025 |
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Multi-family building permits jumped 10.1% to a rate of 445,000 units. That lifted overall building permits by 1.6% to a pace of 1.482 million units last month.. In March 2025, privately owned housing starts in the U.S. were at a seasonally adjusted annual rate of 1,324,000. This figure represents an 11.4% decrease from February 2025, but a 1.9% increase compared to March 2024, according to the U.S. Census Bureau. |
No 4 |
1.482 M |
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Mar-2025 |
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In February 2025, the seasonally adjusted annual rate of US building permits issued was 1,456,000 units, a 1.2% decrease from the revised January rate, according to Zillow. However, housing starts increased by 11.2% to 1,501,000 units, reversing a decline from January. Single-family housing starts also increased, reaching 1,108,000 units, according to Zillow. . In February 2025, U.S. housing starts increased to a seasonally adjusted annual rate of 1.501 million units, a 11.2% increase from the revised January estimate. |
No 3 |
1.456 M |
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Feb-2025 |
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In January 2025, the number of building permits issued for new residential construction in the US was at a seasonally adjusted annual rate of 1,483,000. This was a slight increase of 0.1% from December 2024 (1,482,000) but a 1.7% decrease compared to January 2024 (1,508,000 In January 2025, U.S. housing starts decreased by 9.8% to a seasonally adjusted annual rate of 1,366,000 units. |
No 2 |
1.483 M |
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Jan-2025 |
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US single-family housing starts, permits hit 10-month high in December. 1.483 M. Single-family housing starts increase 3.3% in December. .U.S. single-family homebuilding increased to a 10-month high in December 2024, indicating some improvement in housing activity at the end of the year, though rising mortgage rates and an oversupply of new properties on the market could constrain recovery. |
No 1 |
1.483 M |
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Dec-2024 |
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Brief News | 2024 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| DATE/WEEK |
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STARTS |
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Building permits for single-family housing rise 0.1%. Building permits, which point toward future construction, increased 6.1% to a 1.51 million annualized rate, according to the government’s residential construction report. Authorizations for single-family homes were little changed at an annualized rate of 972,000. Highest Building Permits Since February Despite Slower Housing Starts. There is typically a solid buffer between permits and starts. After all, housing construction cannot "start" unless it is "permitted." Oftentimes, there's a divergence between housing starts and building permits on any given month. This is one of them. |
No 12 |
1.505 M |
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Nov-2024 |
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Permits for future construction of single-family housing gained 0.5% to a rate of 968,000 units, the highest level since April. They rose in the Northeast and South, but declined in the Midwest and West. Mortgage rates initially fell as the U.S. central bank started cutting interest rates in September. They have, however, erased that decline after the yield on the benchmark 10-year U.S. Treasury note rose to a 5-1/2-month high recently. Mortgage rates track the 10-year note.. Building permits as a whole fell 0.6% to a rate of 1.416 million units. They decreased 7.7% from a year ago. |
No 11 |
1.416 M |
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Oct-2024 |
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mmmmm |
No 10 |
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Sep-2024 |
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Starts for housing projects with five units or more dropped 6.7% to a rate of 333,000 units in August. Overall housing starts jumped 9.6% to a rate of 1.356 million units. Economists polled by Reuters had forecast starts increasing to a rate of 1.310 million units. Housing starts rose 3.9% from a year ago. |
No 9 |
1.475 M |
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Aug-2024 |
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Housing permits – a leading indicator of future building activity – fell by 4.0% to 1.4 million. This move reflected a steep decline in multifamily permits (-11.1%). Single-family permits held mostly flat, falling only 0.1%. Homebuilding activity was mixed on a regional basis, with starts falling 13.6% in the South, 12% in the West and 1.7% in the Midwest, but rising 42.6% in the Northeast. |
No 8 |
1.396 M |
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Jul-2024 |
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.The country is not building enough single-family homes to alleviate the shortage of affordable housing and this is guaranteed to further inflate the housing price bubble and make the cost of buying a new home even more unaffordable. Single-family housing starts, which account for the bulk of homebuilding, fell 2.2% to a seasonally adjusted annual rate of 980,000 units last month, the lowest level since last October, the Commerce Department's Census Bureau said. According to recent Federal Reserve data, housing starts in June stood at a seasonally adjusted annual rate of 1.353 million, which was 3% more than in May. |
No 7 |
1.446 M |
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Jun-2024 |
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U.S. single-family homebuilding fell in May amid continued high mortgage rates. Single-family housing starts, which account for the bulk of homebuilding, declined 5.2% to a seasonally adjusted annual rate of 982,000 units last month, the Commerce Department's Census Bureau said on Thursday. Data for April was revised higher to show single-family starts rising to a rate of 1.036 million units instead of the previously reported 1.031 million units. Permits for future construction of single-family homes fell 2.9% to a rate of 949,000 units in May. |
No 6 |
1.386 M |
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May-2024 |
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U.S. single-family homebuilding and permits fell in April amid a resurgence in mortgage rates, but new construction remains supported by an acute shortage of houses for sale. Single-family housing starts, which account for the bulk of homebuilding, slipped 0.4% to a seasonally adjusted annual rate of 1.031 million units last month. Multi-family building permits tumbled 9.1% to a rate of 408,000 units. Building permits as a whole fell 3.0% to a rate of 1.440 million units. |
No 5 |
1.440 M |
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Apr-2024 |
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Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions. Overall housing starts decreased 14.7% in March to a seasonally adjusted annual rate of 1.32 million units, |
No 4 |
1.458 M |
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Mar-2024 |
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Building permits as a whole climbed 1.9% to a rate of 1.518 million units. Homebuilding activity this year is expected to be concentrated in the single-family housing. Single-family building permits rose 1.0% to a rate of 1.031 million units in February, the highest level since May 2022. Multi-family building permits rose 2.4% to a rate of 429,000 units. Building permits as a whole climbed 1.9% to a rate of 1.518 million units. Homebuilding activity this year is expected to be concentrated in the single-family housing . |
No 3 |
1.518 M |
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Feb-2024 |
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Housing starts decreased to a seasonally adjusted annual rate of 1.331 million in January, according to the U.S. Department of Commerce, 14.8% below the revised December estimate of 1.562 million and is 0.7% below the January 2023 rate of 1.34 million. Single-family housing starts fell 4.7% and multifamily housing starts declined 35.8%, relative to the December figure. New building permits decreased 1.5% during the month to a seasonally adjusted annual rate of 1.47 million but is 8.6% above the January 2023 rate of 1.354 million. |
No 2 |
1.470 M |
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Jan-2024 |
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Permits for future construction of single-family homes increased 1.7% to a pace of 994,000 units last month. The housing market has been pressured by higher borrowing costs and a perennial inventory shortage, which have constrained sales of previously owned homes. But demand for new construction is boosting residential investment, which rebounded in the third quarter after nine straight quarterly decreases. Starts for housing projects with five units or more increased 7.5% to a rate of 417,000 units in December. Overall housing starts fell 4.3% to a rate of 1.460 million units in December. Economists polled by Reuters had forecast starts would fall to a rate of 1.426 million units from the previously reported 1.560 million units. Starts declined 9.0% to 1.413 million units in 2023. Multi-family building permits rose 1.4% to a rate of 449,000 units last month. Building permits as a whole increased 1.9% to a rate of 1.495 million units last month. They dropped 11.7% to 1.470 million units in 2023. |
No 1 |
1.495 M |
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Dec-2023 |
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Brief News | 2023 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| DATE/WEEK |
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ACTUAL |
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Construction permits retreated from their October level. Units were authorized at an annual rate of 1.460 million units, a 2.5 percent decline from September but 4.1 percent higher on an annual basis. Single-family permits rose 0.7 percent to 976,000 annual units, 22.8 percent higher than in November 2022, while multifamily permits were down 9.6 percent and 21.3 percent from the two earlier periods. |
No 12 |
1.460 M |
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Nov-2023 |
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US housing starts rise moderately; tight supply supporting new construction. Single-family housing starts increase 0.2% |
No 11 |
1.487 M |
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Oct-2023 |
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US single-family starts rise; soaring mortgage rates a challenge. Housing starts increase 7.0% in September. Single-family starts rise 3.2%; multi-family soar 17.1%. Building permits fall 4.4%; single-family increase 1.8%. U.S. single-family homebuilding rebounded in September, boosted by demand for new construction amid an acute housing shortage, but the highest mortgage rates in nearly 23 years could slow momentum and delay the overall housing market recovery. |
No 10 |
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Sep-2023 |
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but a jump in permits suggested new construction remained supported by a dearth of homes on the market. The decline in housing starts reported by the Commerce Department on Tuesday was the largest in a year and occurred across the board. The report followed on the heels of news on Monday that homebuilders' confidence slumped to a five-month low in September, with more builders reporting they were cutting prices and offering other incentives to lure buyers. Home building, together with new home sales, have been the bright spots for the housing market, the sector hardest hit by the Federal Reserve's aggressive monetary policy tightening. The U.S. central bank is expected to leave interest rates unchanged on Wednesday, having raised its policy rate by 525 basis points since March 2022 to the current 5.25%-5.50% range |
No 9 |
1.543 M |
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Aug-2023 |
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Housing Starts Rose in July as Building Permits Show Decline May Be Looming. Homebuyers' behavior reflects an unsustainable adaptation to high mortgage rates. U.S. housing starts rose in July as a surge in single-family building more than offset a decline in multifamily starts. The trend may be short-lived, however, as mortgage rates and building permit data show a looming decline is likely. |
No 8 |
1.442 M |
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Jul-2023 |
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No 7 |
1.440 M |
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Jun-2023 |
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Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades and permits for future construction also climbed, suggesting the housing market may be turning a corner after getting clobbered by Federal Reserve interest rate hikes.The U.S. also saw 1.49 million new building permits in May, higher than the forecasted 1.42 million.Building Permits. Consensus 1.433 Mand Actual 1.491 M. |
No 6 |
1.491 M |
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May-2023 |
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Permits in this largest segment of the housing market rose in all four regions. Permits for housing projects with five units or more dropped 9.7% to a rate of 502,000 units, the lowest level since December 2020. The multi-family segment has been boosted by demand for rental housing. But the rental vacancy rate rose to a two-year high in the first quarter and stock of multi-family housing under construction is at a record high, limiting the scope for more new construction. The plunge in multi-family approvals led overall building permits to fall 1.5% to a rate of 1.416 million units. Economists polled by Reuters had forecast permits would fall to a rate of 1.437 million units. The government revised the permits data going back to January 2017. |
No 5 |
1.416 M |
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Apr-2023 |
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Single-family housing starts increase 2.7% in March. Single-family building permits jump 4.1. Overall housing starts fall 0.8%; permits drop 8.8%. U.S. single-family homebuilding increased for a second straight month in March, while permits for future construction surged, offering some glimmers of hope for the depressed housing market ahead of the busy spring selling season. |
No 4 |
1.413 M |
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Mar-2023 |
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Permits for housing projects with five units or more jumped 24.3% to a rate of 700,000 units. Overall, building permits vaulted 13.8% to a rate of 1.524 million units. |
No 3 |
1.524 M |
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Feb-2023 |
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In January building permits were at a seasonally adjusted annual rate of 1.339 million U.S. single-family homebuilding fell in January, but an easing in mortgage rates and improvement in homebuilder confidence suggested the recession-hit housing market was close to finding a floor. Single-family housing starts, which account for the bulk of homebuilding, dropped 4.3% to a seasonally adjusted annual rate of 841,000 units last month, the Commerce Department said on Thursday. There are, however, signs that the worst of the housing market downturn is over. The sector has been the biggest causality of the Federal Reserve's aggressive interest rate hiking campaign. |
No 2 |
1.339 M |
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Jan-2023 |
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Permits for buildings with five units or more soared 19.9% to a rate of 675,000 units. Single-family building permits rose 2.0% to a rate of 1.128 million units. An acute shortage of homes available for sale is supporting homebuilding, but rising mortgage rates, supply constraints together with higher house prices could make home purchasing less affordable |
No 1 |
1.330 M |
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Dec-2022 |
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Brief News | 2022 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
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ACTUAL |
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mmmm |
No 12 |
1.342 M |
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Nov-2022 |
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Permits for future home construction fell 2.4% to a rate of 1.526 million units in October. Single-family building permits dropped 3.6% to a rate of 839,000 units. Permits for housing projects with five units or more slipped 1.9% to a rate of 633,000 units. |
No 11 |
1.526 M |
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Oct-2022 |
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Permits issued for new single-family houses fell 3.1% from August to an annual rate of 872,000, the lowest level since June 2020. We expect starts to moderate further in (the fourth quarter) to ... 1.420 million from 1.461 million" in the third quarter, Nancy Vanden Houten, lead U.S. economist at Oxford Economics, wrote. "The risk, however, is for a slower pace of starts, given the weak handoff at the end of Q3 and pessimism among homebuilders who are seeing buyers. |
No 10 |
1.564 M |
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Sep-2022 |
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No 9 |
1.517 M |
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Aug-2022 |
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No 8 |
1.674 M |
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Jull-2022 |
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Permits for future homebuilding fell0.6% to a rate of 1.685 million units, also the lowest since September. Single-family housing starts, which account for the biggest share of homebuilding, tumbled 8.1% to a rate of 982,000 units in June, the first time that category has dropped below the 1 million mark in two years. Single-family homebuilding rose in the Midwest, but fell in the Northeast, South and West, where a 25.4% drop was the largest since January 2021. Building permits for single-family homes - an indicator of future construction - declined 8% to a rate of 967,000 units, the lowest since June 2020. Starts for housing projects with five units or more rose 15% to a rate of 568,000 units, and were up 16.4% from a year earlier. Single-family starts were down 15.7% from June 2021. |
No 7 |
1.685 M |
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Jun-2022 |
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Permits for future homebuilding declined 7.0% to a rate of 1.695 million units. The housing market is very sensitive to interest rates. Sales have been trending lower over the last few months, with homebuilding mostly moving sideways. Single-family housing starts, which account for the biggest share of homebuilding, tumbled 9.2% to a rate of 1.051 million units in May. Single-family homebuilding rose in the Northeast, but fell in the Midwest, South and West regions. Building permits for single-family homes declined 5.5% to a rate of 1.048 million units. Starts for housing projects with five units or more dived 26.8% to a rate 469,000 units. Multi-family housing permits dropped 10.0% to a rate of 592,000 units. |
No 6 |
1.695 M |
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May-2022 |
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Applications to build, a proxy for future construction, fell 3.2% to an annualized 1.82 million units. Builders are contending with high material prices amid decades-high inflation, along with continued difficulty securing lots and labor. Building permits decline 3.2% in April. Single-family permits drop 4.6%; multi-family fall 1.0. Housing starts slip 0.2%; single-family dives 7.3%. Permits for future U.S. homebuilding tumbled to a five-month low in April, suggesting the housing market was slowing as rising mortgage rates contribute to reduced affordability for entry-level and first-time buyers. But the report from the Commerce Department on Wednesday also showed a record backlog of houses still to be constructed, indicating the moderation in homebuilding would be marginal. Homebuilding was already being constrained by soaring prices as well as shortages of materials. The housing market is the sector of the economy most sensitive to interest rates, with building permits a leading indicator for the sector. |
No 5 |
1.819 M |
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Apr-2022 |
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Permits for future homebuilding increased 0.4% to a rate of 1.873 million units last month, March 2022. Consequently, multifamily housing projects prevented both housing starts and building permits from declining. Permits for the construction of housing projects with five or more units rose 11% since February, and were up nearly 34% from the same time a year ago. Similarly, multifamily starts climbed 7.5% on a monthly basis and 28% from a year ago.The construction backlog continued to grow, as the number of housing projects under construction rose 2.3% from the previous month and 24% from a year ago. |
No 4 |
1.873 M |
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Mar-2022 |
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The February numbers represented a 6.8% gain from a month ago and a 22.3% jump for starts compared to the same period in 2021. Permits eased but remain elevated near multi-year highsBuilding permits totaled 1.86 million, a bit above the 1.85 million estimate. For permits, the monthly number was down 1.9% from January but up 7.7% from a year ago.While permits for future home construction fell 1.9% to a rate of 1.859 million units, they were not too far from the nearly 16-year high touched in January. That suggested an acute shortage of houses will continue to underpin residential construction even as mortgage rates rise. |
No 3 |
1.859 M |
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Feb-2022 |
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Permits for future homebuilding in January rose 0.7% to a rate of 1.899 million units, the highest since 2006. |
No 2 |
1.899 M |
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Jan-2022 |
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Permits for future homebuilding jumped 9.1% to a rate of 1.873 million units in December. Permits for buildings with five units or more soared 19.9% to a rate of 675,000 units. Single-family building permits rose 2.0% to a rate of 1.128 million units. An acute shortage of homes available for sale is supporting homebuilding, but rising mortgage rates, supply constraints together with higher house prices could make home purchasing less affordable |
No 1 |
1.872 M |
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Dec-2021 |
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Brief News | 2021 |
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Building Permits | Real Estate |
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Today's Week |
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Building Permits
(At 8:30 a.m ET)
| DATE/WEEK |
HIGHLIGHTS |
FOR |
ACTUAL |
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U.S. homebuilding surged to an eight-month high in November amid an acute shortage of properties on the market, though higher prices for raw materials and labor shortages remain a constraint. Permits for future homebuilding increased 3.6% to a rate of 1.712 million units in November. |
No 12 |
1.712 M |
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Nov-2021 |
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Analysts had forecast 1.58 million starts, compared to September's revised 1.53 million and 1.6 million permits. Building permits, meanwhile, rose 4% to 1.65 million units annually, up from a revised 1.59 million in September. |
No 11 |
1.650 M |
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Oct-2021 |
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Housing starts fall 1.6% in September; August revised down. Single-family starts unchanged; multifamily drop 5.0%. Building permits tumble 7.7%; to 1.589 M, single family decrease 0.9%. U.S. homebuilding unexpectedly fell in September and permits dropped to a one-year low amid acute shortages of raw materials and labor, supporting expectations that economic growth slowed sharply in the third quarter. |
No 10 |
1.589 M |
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Sep-2021 |
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Permits for future homebuilding rose 6.0% to a rate of 1.728 million units in August. Single-family permits gained 0.6% to a rate of 1.054 million units. Permits for buildings with five units or more jumped 19.7% to a rate of 632,000 units, the highest level since January 1990.
The inventory of previously owned homes is near record lows, leading to record double-digit annual growth in home prices. Realtors estimate that single-family housing starts and completion rates need to be in a range of 1.5 million to 1.6 million units per month to close the inventory gap. |
No 9 |
1.728 M |
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Aug-2021 |
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The number of houses authorized for construction but not yet started last month was the third highest on record, indicating builders remained hesitant to undertake new projects.ermits for future homebuilding rose 2.6% to a rate of 1.635 million units in July. Single-family permits fell 1.7% to a rate of 1.048 million units. They are lagging starts, suggesting a modest rebound in single-family homebuilding. Permits for multi-family housing projects jumped 11.2% to a rate of 587,000 units, reflecting a rebound in demand for rental accommodation as the economy fully reopens. |
No 8 |
1.635 M |
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Jull-2021 |
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Permits for future homebuilding fell 5.1% to a rate of 1.598 million units in June. Demand for housing is being driven by low interest rates and a migration from cities in search of spacious accommodations in the suburbs and other low-density areas for home offices and schooling during the COVID-19 pandemic. But that tailwind is gradually fading as vaccinations allow companies to recall workers back to offices in city centers. |
No 7 |
1.598 M |
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Jun-2021 |
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Building permits for privately owned homes fell 3% from the downwardly revised April rate of 1,733,000 to 1,681,000. Year over year, however, building permits were up 34.9%.. Building permits — which serve as a more forward-looking indicator of residential construction — fell 3% to an annualized rate of 1.68 million. That's the lowest level since October. |
No 6 |
1.681 M |
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May-2021 |
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In April 2021, the U.S. issued building permits at a seasonally adjusted annual rate of 1,760 million units. In April 2021, total U.S. building permits for new housing units were issued at a seasonally adjusted annual rate of 1.760 million, which was a 0.3% increase from the previous month and a significant 60.9% increase from April 2020. This increase was largely driven by a surge in permits for multi-family housing, while permits for single-family homes saw a month-over-month decline. |
No 5 |
1.760 M |
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Apr-2021 |
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Applications to build, a proxy for future construction, increased 2.7% to an annualized 1.77 million units, while the number of one-family homes authorized for construction but not yet started -- a measure of backlogs -- rose to 124,000 in March, the most since May 2007. A report on Thursday showed a measure of homebuilder sentiment improved in April, suggesting firms see steady growth in the housing market heading into the second quarter. March data on both existing and new home sales will be released next week. |
No 4 |
1.770 M |
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Mar-2021 |
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Housing starts drop 10.3% in February, to 1.682 M. Single-family housing starts decrease 8.5%. Building permits fall 10.8%; single-family down 10.0%. Single-family homebuilding, the largest share of the housing market, declined 8.5% to a seasonally adjusted annual rate of 1.040 million units in February, also a six-month low. Single-family building permits tumbled 10.0% to a rate of 1.143 million units in February. |
No 3 |
1.682 M |
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Feb-2021 |
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A separate report Thursday saw January housing starts fall 6%, more than expected, but building permits surged 10.4%, to 1.881 million units, easily above Wall Street estimates.
U.S. homebuilding fell more than expected in January amid soaring lumber prices, though a surge in permits for future construction suggested the housing market remains supported by lean inventories and historically low mortgage rates. |
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1.881 M |
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Jan-2021 |
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U.S. homebuilding and permits surged in December as historically low mortgage rates supported the housing market, but momentum could slow amid surging lumber prices and a shortage of labor. Permits for future homebuilding accelerated 4.5% to a rate of 1.709 million units in December. Permits, which typically lead starts by one to two months, totaled 1.452 million last year, a 4.8% increase from 2019. |
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1.709 M |
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Dec-2020 |
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Definitions | Explain |
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Building Permits | Real Estate |
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Today's Week |
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| BUILDING PERMITS |
Building Permits
Permits usually lead home construction by about a month, but permits are not required in all regions of the country, and the level of permits therefore tends to be less than the level of starts over time.
Housing Permits Building permits are permits taken out in order to allow excavation. An increase in building permits and starts usually occurs a few months after a reduction in mortgage rates. A sale isn't final until a mortgage is closed.
According to the government, a building permit results in a new housing start roughly within one month. Permits usually lead home construction by about a month, but permits are not required in all regions of the country, and the level of permits therefore tends to be less than the level of starts over time.
Construction of single-family homes - the lion's share of the market.
While home building now accounts for only about 2.5% of gross domestic product, it remains a major force in the economy. Economists estimate that for every one house built, about 2.5 jobs are created.
The inventory of homes for sale and the median price. The inventory of homes for sale at the current sales pace is the inventory/sales ratio of the housing sector.
For example, a 5.0 figure for inventory/sales indicates that the supply of homes for sale would be depleted within five months at the current sales pace. The lower this figure goes, the greater the need for new housing starts. The year/year change in the median price provides a good indication of inflation in home price.
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| DATA INFORMATION |
BUILDING PERMITS |
| SOURCE |
U.S. Department of Housing & Urban Development. |
| WEB |
www.hud.gov |
| FREQUENCY |
Monthly |
| AVAILABILITY |
Usually during the third week of the month. |
| COVERAGE |
Data are for the previous month. Data for June are released in July. |
| REVISIONS |
Yes |
| IMPORTANCE |
Real Estate - Low Importance |
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