Historical Year Data · 1981

Building Permits in 1981

Building Permits opened 1981 at 1,221 and closed at 796, a -34.81% move for the year. The high of 1,221 was reached on January 1, and the low of 731 on October 1.

Open

1,221

1981-01

796

12 data points

High

1,221

Jan 1

Low

731

Oct 1

Full Year Change

-34.81%

1980 Change

-2.42%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1,221	1,221	1,221	1,221	+0.00%
Feb	1,199	1,199	1,199	1,199	+0.00%
Mar	1,183	1,183	1,183	1,183	+0.00%
Apr	1,190	1,190	1,190	1,190	+0.00%
May	1,173	1,173	1,173	1,173	+0.00%
Jun	976	976	976	976	+0.00%
Jul	935	935	935	935	+0.00%
Aug	889	889	889	889	+0.00%
Sep	847	847	847	847	+0.00%
Oct	731	731	731	731	+0.00%
Nov	748	748	748	748	+0.00%
Dec	796	796	796	796	+0.00%

Events During 1981

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.

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