United States Building Permits

Building permits in the United States rose 2.6 percent from a month earlier to a seasonally adjusted annual rate of 1.635 million in July 2021, following a three-month period of declines and beating market expectations of 1.61 million. The volatile multi-segment surged 11.2 percent to a rate of 587 thousand, while single-family authorizations dropped 1.7 percent to a rate of 1.048 million. Permits were up in the West (13.3 percent to 426 thousand) and Midwest (4.4 percent to 214 thousand), but were down in the South (-1.9 percent to 861 thousand) and Northeast (-0.7 percent to 134 thousand).