Historical Year Data · 1974

Building Permits in 1974

Building Permits opened 1974 at 1,331 and closed at 869, a -34.71% move for the year. The high of 1,440 was reached on March 1, and the low of 783 on November 1.

Open

1,331

1974-01

869

12 data points

High

1,440

Mar 1

Low

783

Nov 1

Full Year Change

-34.71%

1973 Change

-43.28%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1,331	1,331	1,331	1,331	+0.00%
Feb	1,360	1,360	1,360	1,360	+0.00%
Mar	1,440	1,440	1,440	1,440	+0.00%
Apr	1,254	1,254	1,254	1,254	+0.00%
May	1,138	1,138	1,138	1,138	+0.00%
Jun	1,086	1,086	1,086	1,086	+0.00%
Jul	1,002	1,002	1,002	1,002	+0.00%
Aug	917	917	917	917	+0.00%
Sep	840	840	840	840	+0.00%
Oct	824	824	824	824	+0.00%
Nov	783	783	783	783	+0.00%
Dec	869	869	869	869	+0.00%

Events During 1974

1973 OPEC Oil Embargo

Stagflation

October 1973 – March 1974

OPEC quadrupled oil prices and embargoed shipments to the United States in response to US support for Israel in the Yom Kippur War. The shock launched a decade of stagflation.

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