The indicator shows the number of issued permits for the construction of new homes. The indicator is very sensitive to changes in key interest rates, since the construction require bank loans. These data are subject to seasonal fluctuations due to the character of the real estate market. Building is directly connected with the income of the population. Therefore, the increase in construction characterizes the improved well-being and healthy development of the economy.
It has a limited impact on the market. Growth of this value has a positive impact on the currency.
- Release Frequency: monthly.
- Release Schedule: 08:30 EST, third week of the month, together with "Housing starts".
- Source: U.S. Census Bureau, U.S. Department of Housing and Urban Development (HUD).