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Chart 1 
Total value of permits

billions of dollars 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 A 2009 J 2010 J 2011 J 2012 J 2013 J A 2014 Seasonally adjustedSeasonally adjusted Trend cycleTrend 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 three previous months. See Note to readers.

Chart description

The title of the graph is "Total value of permits."
This is a line chart.
The vertical axis is "billions of dollars."
The title of series 1 is "Seasonally adjusted."
The title of series 2 is "Trend cycle."

Total value of permits, billions of dollars
  Seasonally adjusted Trend cycle
April 2009 4.526 4.672
May 2009 5.266 4.853
June 2009 5.215 5.035
July 2009 4.799 5.219
August 2009 5.172 5.397
September 2009 5.361 5.552
October 2009 6.150 5.673
November 2009 6.069 5.759
December 2009 6.044 5.825
January 2010 5.606 5.893
February 2010 5.517 5.985
March 2010 6.280 6.101
April 2010 6.600 6.204
May 2010 6.134 6.258
June 2010 6.593 6.236
July 2010 6.131 6.157
August 2010 5.633 6.048
September 2010 6.522 5.933
October 2010 6.139 5.831
November 2010 5.533 5.759
December 2010 5.757 5.743
January 2011 5.319 5.798
February 2011 5.814 5.931
March 2011 6.834 6.121
April 2011 5.257 6.304
May 2011 6.628 6.428
June 2011 6.592 6.459
July 2011 6.490 6.425
August 2011 6.071 6.357
September 2011 5.608 6.288
October 2011 6.252 6.241
November 2011 6.225 6.228
December 2011 6.877 6.256
January 2012 5.998 6.324
February 2012 6.529 6.437
March 2012 6.989 6.591
April 2012 6.663 6.751
May 2012 6.961 6.882
June 2012 7.040 6.948
July 2012 6.781 6.955
August 2012 7.545 6.895
September 2012 6.607 6.773
October 2012 7.520 6.599
November 2012 6.435 6.406
December 2012 5.784 6.251
January 2013 5.730 6.188
February 2013 5.922 6.253
March 2013 6.335 6.445
April 2013 6.975 6.697
May 2013 7.419 6.934
June 2013 6.653 7.090
July 2013 8.087 7.156
August 2013 6.493 7.131
September 2013 6.769 7.030
October 2013 7.256 6.870
November 2013 6.765 6.677
December 2013 6.437 6.481
January 2014 6.955 6.309
February 2014 6.172 6.189
March 2014 5.974 6.133
April 2014 6.039 6.117
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 three previous months. See Note to readers.
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