The 'Building Permits MoM Prel' in the USA measures the preliminary monthly change in the number of new building permits issued for residential construction. It is a leading indicator of future construction activity and economic health, as it reflects builders' confidence and potential future supply in the housing market. This data is important for the economy and financial markets because it can signal changes in economic growth, influence interest rates, and impact sectors related to construction and real estate. A significant deviation from expectations can lead to market volatility as investors adjust their outlook on economic conditions.
The 'Building Permits MoM Prel' in the USA measures the preliminary monthly change in the number of new building permits issued for residential construction. It is a leading indicator of future construction activity and economic health, as it reflects builders' confidence and potential future sup...