The Economy & the Fed

Building Permits

Approvals from local governments to build new homes, counted by the Census Bureau from about 20,000 places that issue them and stated as a seasonally adjusted yearly pace. A permit comes before construction, and most permitted homes are started within a few months, so permits are one of the earliest signs of where homebuilding is heading. They are one of the ten components of the Conference Board's index of leading economic indicators.

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