By Danushka Nanayakkara-Skillington | NAHB
According to the Census Bureau’s Building Permits Survey (BPS), over the first ten months of 2017 the total number of permits, which included single-family and multi-family, issued nationwide on a not seasonally adjusted basis reached 1,070,750. This is 6.8% ahead of its level over the first ten months of 2016, 1,002,139.These data are taken from the Builder Permits Survey (BPS) instead of the Survey of Construction (SOC).
The SOC is the source of the monthly New Residential Construction release and it shows that total permits over the first ten months of the year totaled 1,067,200, 5.8% ahead of its level the same period in 2016, 1,008,800. The SOC does not provide residential construction information at the state and local level.
