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Building Permits

Building Permits USA

The indicator Building permits showing the amount of permits given for building new homes. It has limited online forex market influence. Growth of number of issued building permits has a positive effect on the national currency rate. The indicator Building Permits (USA) is very sensitive to major interest rate changes, because one needs to take bank credit loans to build. This data, due to the peculiarities of the real estate market, is subject to seasonal fluctuations. The building permit process is directly linked to population income rates, that’s why an increase in building permit amounts characterizes an improvement in the population welfare and healthy economy growth. The data is published during the third week of each month along with Housing Starts.

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