Historical Year Data · 1979

Building Permits in 1979

Building Permits opened 1979 at 1,461 and closed at 1,254, a -14.17% move for the year. The high of 1,720 was reached on March 1, and the low of 1,254 on December 1.

Open

1,461

1979-01

1,254

12 data points

High

1,720

Mar 1

Low

1,254

Dec 1

Full Year Change

-14.17%

1978 Change

+4.48%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1,461	1,461	1,461	1,461	+0.00%
Feb	1,492	1,492	1,492	1,492	+0.00%
Mar	1,720	1,720	1,720	1,720	+0.00%
Apr	1,597	1,597	1,597	1,597	+0.00%
May	1,684	1,684	1,684	1,684	+0.00%
Jun	1,640	1,640	1,640	1,640	+0.00%
Jul	1,534	1,534	1,534	1,534	+0.00%
Aug	1,591	1,591	1,591	1,591	+0.00%
Sep	1,638	1,638	1,638	1,638	+0.00%
Oct	1,481	1,481	1,481	1,481	+0.00%
Nov	1,276	1,276	1,276	1,276	+0.00%
Dec	1,254	1,254	1,254	1,254	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

Previous Year

← Building Permits in 1978

Next Year

Building Permits in 1980→