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What is Building Permits data??

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What is Building Permits data??

Posted by NIFM
16-Dec-14 06:16PM
Building permits is also called Residential Building Permits. It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
 
Effect on market: If Actual comes higher than Forecast then it is good for the currency.
 
It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
 
Impact: Basically important for Base metals like copper, aluminium, zinc, lead, nickel and gold.

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