Track US Building Permits to gauge upcoming construction activity, crucial for economic forecasting.
This serves as a strong indicator of upcoming construction activity, as obtaining a permit is one of the initial steps in the building process. Although released monthly, the data is presented in an annualized format (monthly figure multiplied by 12).
What it Measures
The annualized total of new residential building permits issued in the previous month.
Usual Effect
When 'Actual' figures exceed 'Forecast', it is viewed positively for the currency.
Source & Frequency
Census Bureau (latest release) - https://www.census.gov/ • Published monthly, specifically on the 12th business day following the conclusion of the month.
How Data is Derived
N/A
Also Known As
Residential Building Permits
Acronym
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