Source Census Bureau (latest release)

Measures Annualized number of new residential building permits issued during the previous month;

Usual Effect Actual > Forecast = Good for currency;

Frequency Released monthly, about 17 days after the month ends;

While this is monthly data, it’s reported in an annualized format (monthly figure x12)

Why Traders Care It’s an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building;

Also Called Residential Building Permits;