Chart 3
Value of building permits for the residential and non-residential sectors

billions of dollars 1 2 3 4 5 6 7 8 9 May 2019 2020 2021 2022 2023 May 2024 Residential, seasonally adjustedResidential, seasonally adjusted Residential, trend cycleResidential, trend cycle Non-residential, seasonally adjustedNon-residential, seasonally adjusted Non-residential, trend cycleNon-residential, trend cycle
Note(s):
The higher variability associated with the trend-cycle estimates is indicated with a dotted line on the chart for the current reference month and the previous three months. For more information, see the Note to readers.
Source(s):

Chart description


This is a line chart.

Value of building permits for the residential and non-residential sectors, billions of dollars
  Residential, seasonally adjusted Residential, trend cycle Non-residential, seasonally adjusted Non-residential, trend cycle
May 2019 5.194 5.239 3.538 3.452
June 2019 4.958 5.281 3.257 3.430
July 2019 5.260 5.290 3.451 3.426
August 2019 5.866 5.304 3.397 3.422
September 2019 5.241 5.284 3.195 3.414
October 2019 5.138 5.250 3.503 3.446
November 2019 4.708 5.186 3.409 3.428
December 2019 5.159 5.143 3.783 3.342
January 2020 5.626 5.067 3.351 3.175
February 2020 5.473 4.950 2.849 2.978
March 2020 4.436 4.862 2.746 2.761
April 2020 3.891 4.855 2.056 2.629
May 2020 5.256 4.999 2.653 2.605
June 2020 5.350 5.223 2.744 2.630
July 2020 5.398 5.492 2.852 2.744
August 2020 5.876 5.826 2.434 2.818
September 2020 6.341 6.147 3.562 2.930
October 2020 6.507 6.402 2.666 2.960
November 2020 6.498 6.662 3.107 2.982
December 2020 6.520 6.912 2.838 3.000
January 2021 7.593 7.145 2.980 3.039
February 2021 6.953 7.311 3.325 3.072
March 2021 8.056 7.371 2.756 3.079
April 2021 7.724 7.287 3.468 3.137
May 2021 6.686 7.153 3.086 3.168
June 2021 6.855 6.988 3.151 3.231
July 2021 7.050 6.926 3.155 3.296
August 2021 6.317 6.961 3.367 3.378
September 2021 7.047 7.059 3.590 3.495
October 2021 7.429 7.261 3.829 3.587
November 2021 7.782 7.462 3.455 3.676
December 2021 7.903 7.581 3.814 3.806
January 2022 7.197 7.693 3.510 3.895
February 2022 7.654 7.783 4.570 3.979
March 2022 7.960 7.871 3.756 4.010
April 2022 8.071 7.962 4.313 4.009
May 2022 8.039 7.920 4.090 3.921
June 2022 8.053 7.832 3.505 3.838
July 2022 7.424 7.677 3.649 3.767
August 2022 8.215 7.423 3.980 3.749
September 2022 6.699 7.128 3.484 3.765
October 2022 6.175 6.933 3.670 3.870
November 2022 7.039 6.779 4.291 4.023
December 2022 7.104 6.701 4.170 4.117
January 2023 6.331 6.684 4.278 4.244
February 2023 6.703 6.703 3.857 4.318
March 2023 6.934 6.791 5.490 4.439
April 2023 6.397 6.885 3.645 4.474
May 2023 7.156 6.978 4.279 4.529
June 2023 7.488 7.107 5.163 4.574
July 2023 7.111 7.175 4.512 4.562
August 2023 6.820 7.123 4.790 4.455
September 2023 7.530 7.098 4.079 4.323
October 2023 7.062 6.957 4.239 4.257
November 2023 7.112 6.857 4.070 4.153
December 2023 5.918 6.833 3.826 4.176
January 2024 6.791 6.905 4.163 4.260
February 2024 7.294 7.044 4.858 4.373
March 2024 6.694 7.185 4.136 4.477
April 2024 8.501 7.364 4.862 4.563
May 2024 7.118 7.465 4.619 4.623
Note(s):
The higher variability associated with the trend-cycle estimates is indicated with a dotted line on the chart for the current reference month and the previous three months. For more information, see the Note to readers.
Source(s):
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