Description of chart 1 – Total value of permits

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
July 2009	4.799	5.228
August 2009	5.172	5.426
September 2009	5.361	5.583
October 2009	6.150	5.699
November 2009	6.069	5.772
December 2009	6.044	5.822
January 2010	5.606	5.873
February 2010	5.517	5.954
March 2010	6.280	6.069
April 2010	6.600	6.185
May 2010	6.134	6.262
June 2010	6.593	6.265
July 2010	6.131	6.208
August 2010	5.633	6.106
September 2010	6.522	5.984
October 2010	6.139	5.867
November 2010	5.533	5.775
December 2010	5.757	5.739
January 2011	5.319	5.777
February 2011	5.814	5.899
March 2011	6.834	6.084
April 2011	5.257	6.272
May 2011	6.628	6.410
June 2011	6.592	6.463
July 2011	6.490	6.451
August 2011	6.071	6.399
September 2011	5.608	6.335
October 2011	6.252	6.281
November 2011	6.225	6.253
December 2011	6.877	6.264
January 2012	5.998	6.316
February 2012	6.529	6.421
March 2012	6.989	6.576
April 2012	6.663	6.743
May 2012	6.961	6.881
June 2012	7.040	6.953
July 2012	6.781	6.961
August 2012	7.545	6.900
September 2012	6.607	6.776
October 2012	7.520	6.603
November 2012	6.435	6.411
December 2012	5.784	6.258
January 2013	5.730	6.192
February 2013	5.922	6.251
March 2013	6.335	6.434
April 2013	6.975	6.680
May 2013	7.419	6.915
June 2013	6.653	7.072
July 2013	8.087	7.139
August 2013	6.493	7.109
September 2013	6.769	6.991
October 2013	7.256	6.806
November 2013	6.765	6.587
December 2013	6.437	6.391
January 2014	6.955	6.278
February 2014	6.172	6.315
March 2014	5.974	6.535
April 2014	6.105	6.901
May 2014	7.043	7.352
June 2014	8.197	7.802
July 2014	9.161	8.211

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.