Housing Starts and Building Permits
Market Sensitivity: Medium.
What Is It: Records the number of new homes being built and permits for future construction.
News Release on Internet: www.census.gov/const/www/newresconstindex.html
Home Web Address: www.census.govs
Release Time: 8:30 A.M. (ET); normally released two or three weeks following the month being covered.
Source: Census Bureau, Department of Commserce.
Revisions: Modest revisions occur for the preceding two months on housing starts and for just one month on permits. Seasonal adjustment changes are made every April, and they cover two years worth of data.
Why Is It Important
Looking for a single infallible indicator that can foresee the future direction of the economy? ...