Building Permits. The indicator shows the number of permits for the construction of new homes. The number of permits issued is collected from 19 thousand organizations, and are considered to be a indicator of the number of constructions which will begin in the near future.

The indicator is very sensitive to changes in basic interest rates as it is necessary to obtain bank loans. These data are subject to seasonal fluctuations. The process of construction is directly connected with state income.

Therefore, the increase in the volume of construction is an improvement in its well-being and healthy development of the economy. It has a limited impact on the market. The growth of its value has a positive impact on the currency.

Significance: Low

Publication: second or third week of the month at 8.30 AM (EST) simultaneously with a “Housing starts”.

Source: U.S. Census Bureau

Web: www.census.gov

Web site of Publication: www.census.gov/const/www/newresconstindex.html