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 10 Mar. 2020 2021 2022 2023 2024 Mar. 2025 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
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 7.613 7.150 2.999 3.041
February 2021 6.944 7.319 3.321 3.074
March 2021 8.028 7.382 2.720 3.080
April 2021 7.799 7.299 3.505 3.136
May 2021 6.715 7.162 3.097 3.165
June 2021 6.823 6.996 3.129 3.226
July 2021 7.044 6.926 3.138 3.287
August 2021 6.325 6.960 3.362 3.373
September 2021 7.026 7.057 3.563 3.495
October 2021 7.471 7.262 3.858 3.590
November 2021 7.771 7.466 3.463 3.682
December 2021 7.836 7.579 3.820 3.809
January 2022 7.262 7.688 3.541 3.895
February 2022 7.679 7.770 4.559 3.974
March 2022 7.976 7.851 3.693 4.000
April 2022 7.914 7.933 4.295 3.997
May 2022 7.960 7.897 4.086 3.909
June 2022 8.139 7.829 3.579 3.824
July 2022 7.455 7.683 3.596 3.749
August 2022 8.234 7.438 3.927 3.737
September 2022 6.672 7.152 3.429 3.765
October 2022 6.223 6.966 3.713 3.880
November 2022 7.134 6.798 4.293 4.035
December 2022 6.981 6.678 4.277 4.113
January 2023 6.370 6.636 4.309 4.228
February 2023 6.703 6.622 3.803 4.285
March 2023 6.834 6.680 5.277 4.386
April 2023 6.022 6.765 3.556 4.432
May 2023 6.908 6.882 4.197 4.494
June 2023 7.746 7.075 5.501 4.554
July 2023 7.097 7.199 4.363 4.538
August 2023 6.878 7.187 4.743 4.447
September 2023 7.591 7.180 3.983 4.328
October 2023 7.150 7.035 4.212 4.311
November 2023 7.391 6.883 4.213 4.272
December 2023 5.872 6.816 4.073 4.352
January 2024 6.512 6.857 4.492 4.465
February 2024 7.163 7.003 4.975 4.568
March 2024 6.659 7.179 4.537 4.620
April 2024 8.665 7.361 4.952 4.616
May 2024 7.579 7.468 4.551 4.610
June 2024 6.821 7.499 3.940 4.612
July 2024 7.590 7.492 4.882 4.655
August 2024 7.349 7.591 4.494 4.666
September 2024 7.907 7.729 5.295 4.712
October 2024 7.901 7.911 4.704 4.651
November 2024 7.495 8.178 4.602 4.584
December 2024 9.085 8.401 4.227 4.501
January 2025 8.794 8.534 4.012 4.422
February 2025 8.488 8.638 4.942 4.408
March 2025 8.655 8.664 4.226 4.365
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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