Chart 4
Value of building permits for the industrial, commercial and institutional components

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billions of dollars 0.0 0.5 1.0 1.5 2.0 2.5 3.0 May 2020 2021 2022 2023 2024 May 2025 Industrial, seasonally adjustedIndustrial, seasonally adjusted Industrial, trend cycleIndustrial, trend cycle Commercial, seasonally adjustedCommercial, seasonally adjusted Commercial, trend cycleCommercial, trend cycle Institutional, seasonally adjustedInstitutional, seasonally adjusted Institutional, trend cycleInstitutional, 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):
Table 34-10-0292-01.

Chart description


This is a line chart.

Value of building permits for the industrial, commercial and institutional components, billions of dollars
  Industrial, seasonally adjusted Industrial, trend cycle Commercial, seasonally adjusted Commercial, trend cycle Institutional, seasonally adjusted Institutional, trend cycle
May 2020 0.613 0.520 1.478 1.458 0.562 0.627
June 2020 0.578 0.539 1.334 1.436 0.831 0.655
July 2020 0.505 0.562 1.653 1.475 0.694 0.707
August 2020 0.517 0.574 1.307 1.495 0.609 0.749
September 2020 0.693 0.579 1.952 1.542 0.917 0.810
October 2020 0.663 0.569 1.264 1.529 0.738 0.863
November 2020 0.523 0.544 1.576 1.538 1.008 0.901
December 2020 0.405 0.528 1.455 1.554 0.978 0.920
January 2021 0.456 0.524 1.626 1.588 0.917 0.930
February 2021 0.576 0.531 1.699 1.629 1.047 0.914
March 2021 0.610 0.536 1.406 1.657 0.704 0.888
April 2021 0.591 0.553 2.053 1.716 0.861 0.868
May 2021 0.497 0.568 1.702 1.726 0.898 0.871
June 2021 0.526 0.575 1.705 1.759 0.898 0.891
July 2021 0.635 0.592 1.637 1.793 0.866 0.902
August 2021 0.593 0.625 1.847 1.843 0.922 0.905
September 2021 0.764 0.663 1.950 1.901 0.849 0.931
October 2021 0.552 0.688 1.966 1.937 1.340 0.964
November 2021 0.677 0.733 2.124 1.972 0.661 0.977
December 2021 0.916 0.769 1.987 1.984 0.917 1.056
January 2022 0.944 0.798 1.743 1.977 0.854 1.120
February 2022 0.611 0.808 2.147 1.982 1.800 1.184
March 2022 0.671 0.820 1.890 1.995 1.132 1.185
April 2022 1.070 0.836 2.063 2.004 1.162 1.156
May 2022 0.880 0.819 1.999 2.005 1.206 1.085
June 2022 0.812 0.811 2.015 2.019 0.752 0.995
July 2022 0.626 0.802 2.127 2.017 0.843 0.930
August 2022 0.873 0.817 2.002 2.026 1.052 0.894
September 2022 0.741 0.820 1.796 2.032 0.891 0.912
October 2022 0.899 0.866 2.139 2.076 0.674 0.938
November 2022 1.068 0.926 2.139 2.104 1.086 1.006
December 2022 0.797 0.961 2.228 2.098 1.252 1.054
January 2023 0.960 1.018 2.218 2.103 1.131 1.107
February 2023 1.051 1.058 1.788 2.075 0.964 1.153
March 2023 1.526 1.086 2.442 2.060 1.310 1.241
April 2023 0.769 1.069 1.495 2.034 1.291 1.329
May 2023 0.906 1.056 2.197 2.052 1.094 1.386
June 2023 1.284 1.036 2.298 2.045 1.919 1.473
July 2023 1.054 1.002 1.900 2.041 1.409 1.495
August 2023 0.817 0.954 2.086 2.017 1.840 1.476
September 2023 0.939 0.954 2.044 1.975 1.000 1.399
October 2023 0.929 0.991 1.892 1.967 1.391 1.353
November 2023 0.983 1.008 1.803 1.968 1.427 1.296
December 2023 1.009 1.055 1.993 2.038 1.070 1.260
January 2024 1.156 1.085 2.158 2.127 1.179 1.253
February 2024 1.447 1.093 2.123 2.207 1.405 1.268
March 2024 0.829 1.079 2.411 2.273 1.297 1.268
April 2024 0.987 1.067 2.636 2.300 1.328 1.250
May 2024 1.173 1.074 2.210 2.275 1.168 1.262
June 2024 0.768 1.096 1.964 2.232 1.208 1.284
July 2024 1.336 1.134 2.164 2.191 1.382 1.330
August 2024 1.281 1.151 2.228 2.150 0.985 1.367
September 2024 1.171 1.151 2.229 2.126 1.895 1.436
October 2024 1.110 1.087 2.099 2.104 1.496 1.467
November 2024 1.004 1.014 2.113 2.101 1.485 1.438
December 2024 1.017 0.939 1.833 2.111 1.377 1.427
January 2025 0.677 0.856 2.116 2.132 1.219 1.445
February 2025 0.775 0.825 2.480 2.161 1.611 1.466
March 2025 0.781 0.812 2.069 2.184 1.338 1.515
April 2025 0.937 0.820 2.165 2.202 1.238 1.614
May 2025 0.820 0.825 2.253 2.214 2.500 1.749
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):
Table 34-10-0292-01.
Date modified: