USA: Building permits decline 30.000 in August

On October 19th 2010 at 12.30GMT the US released the Building Permits data.


Previous value 0.57M. Forecast 0.58M.

BUILDING PERMITS is the number of newly-authorized construction projects. The data are used as an anticipatory indicator for activity in the housing market because getting a Building Permit is the 1st step in the construction process.

The final figures of the indicator are used to make a report revealing the situation at the housing market. The data include seasonal changes.


The indicator is rather changeable because of the housing market specifics. As a rule it instantly reacts to changes in interest rates as the 1st step implies lending.


The more building permits the opponents get the stronger the economy and the national currency of the given state is.


In the US it is published by the Department of Commerce.

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