USA: Dwelling permits at yearly low

In December 2017 the dwelling permits were at 93.100 units in the USA, which is 15,8% over the annual average and the lowest since February 2017. The low permits are a repeating pattern, this happens every year around January/ February. When compared to the previous 10 years the value peaked at 146.031 untis in May 2007 and the lowest value was 36.280 units in January 2011. In comparison to the year before the value decreased by -1,8% and in comparison to the last period the value decreased by -4%. Based on this data the B+L forecast for the current year leads to a yearly groth rate of 2,5%