Sunday, February 14, 2010

Building Permits

The Building Permits is a leading economic indicator tracked by U.S. Census Bureau that is used to track the housing industry. While the statistics is used by local governments and organizations to receive valuable information about local community, the data are used by the Census Bureau for annual creation of population estimates.

The Building Permits (also known as Constructions Permits) Statistics provides construction statistics on new privately-owned residential housing units authorized by building permits. The statistics data include number of buildings, units, and construction cost from new privately-owned residential building permits issued.

These Building Permits Statistics data are updated on monthly basis. In additional annual report is published as well.

The Building Permits statistics usually allows analyze and estimate possible development in the trend (decrease or increase) of construction, employment, financing and even furnishings. Because of that this statistics are often considered as a leading indicator of the economy.

No comments:

Post a Comment