Building permits
Building permits
This is the index of the quantity of permissions given to build new houses. It is a rather interesting and informative factor though it has limited influence on the market. The thing is that demand for new houses is dependent on the level of income of the population, and on the level of discount rates for home loans in banks. Roughly speaking, the higher the index, the more stable the situation in the country. On its own, however, Building Permits has a rather weak effect on the market. Growth of this index leads to growth of the national currency rate. The indicator is published on the third week of every month at 08:30 EST (New York) together with Housing starts data.
