Chart 2
Value of building permits for the single-family and multi-family components

billions of dollars 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 May 2020 2021 2022 2023 2024 May 2025 Single-family dwellings, seasonally adjustedSingle-family dwellings, seasonally adjusted Single-family dwellings, trend cycleSingle-family dwellings, trend cycle Multi-family dwellings, seasonally adjustedMulti-family dwellings, seasonally adjusted Multi-family dwellings, trend cycleMulti-family dwellings, 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 single-family and multi-family components, billions of dollars
  Single-family dwellings, seasonally adjusted Single-family dwellings, trend cycle Multi-family dwellings, seasonally adjusted Multi-family dwellings, trend cycle
May 2020 1.965 2.009 3.291 2.991
June 2020 2.093 2.123 3.258 3.100
July 2020 2.313 2.290 3.084 3.201
August 2020 2.553 2.479 3.324 3.348
September 2020 2.869 2.685 3.473 3.463
October 2020 2.809 2.865 3.698 3.536
November 2020 2.928 3.028 3.570 3.634
December 2020 3.054 3.188 3.466 3.728
January 2021 3.471 3.347 4.142 3.804
February 2021 3.436 3.457 3.508 3.861
March 2021 3.790 3.513 4.238 3.869
April 2021 3.634 3.491 4.166 3.808
May 2021 3.303 3.413 3.412 3.750
June 2021 3.347 3.323 3.475 3.673
July 2021 3.102 3.246 3.942 3.681
August 2021 3.130 3.227 3.195 3.732
September 2021 3.084 3.245 3.942 3.813
October 2021 3.443 3.323 4.028 3.940
November 2021 3.529 3.397 4.242 4.070
December 2021 3.468 3.463 4.369 4.117
January 2022 3.502 3.535 3.760 4.153
February 2022 3.500 3.591 4.178 4.179
March 2022 3.664 3.647 4.312 4.204
April 2022 3.598 3.681 4.316 4.252
May 2022 3.891 3.677 4.069 4.219
June 2022 3.763 3.613 4.376 4.216
July 2022 3.482 3.495 3.974 4.188
August 2022 3.377 3.327 4.858 4.111
September 2022 3.147 3.146 3.525 4.006
October 2022 2.723 2.984 3.500 3.982
November 2022 2.892 2.851 4.243 3.946
December 2022 2.795 2.762 4.186 3.916
January 2023 2.677 2.703 3.694 3.933
February 2023 2.644 2.655 4.059 3.967
March 2023 2.683 2.639 4.150 4.041
April 2023 2.551 2.637 3.471 4.128
May 2023 2.630 2.640 4.278 4.242
June 2023 2.626 2.667 5.120 4.408
July 2023 2.745 2.715 4.351 4.483
August 2023 2.809 2.745 4.069 4.441
September 2023 2.753 2.769 4.838 4.411
October 2023 2.735 2.782 4.415 4.253
November 2023 2.862 2.772 4.529 4.111
December 2023 2.856 2.749 3.016 4.067
January 2024 2.543 2.713 3.969 4.144
February 2024 2.748 2.687 4.415 4.316
March 2024 2.615 2.667 4.045 4.511
April 2024 2.690 2.665 5.975 4.696
May 2024 2.622 2.670 4.957 4.798
June 2024 2.741 2.701 4.080 4.798
July 2024 2.669 2.737 4.921 4.755
August 2024 2.786 2.778 4.563 4.816
September 2024 2.828 2.827 5.079 4.910
October 2024 2.936 2.869 4.965 5.055
November 2024 2.847 2.891 4.648 5.293
December 2024 2.914 2.887 6.171 5.455
January 2025 2.944 2.865 5.850 5.505
February 2025 2.900 2.827 5.468 5.485
March 2025 2.725 2.777 5.644 5.372
April 2025 2.653 2.729 4.715 5.251
May 2025 2.628 2.690 4.910 5.119
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):
Date modified: