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Building Permits - Building Consents - Building Approvals
Definition: Measures the change in the number of building permits issued on a monthly basis.
Additional Info: Can be a leading indicator in construction spending because the issue of a permit is one of the first stages in construction. This data is often broken down into regions (Northeast, South, Midwest and West in the US). This data can also be known as Building Consents or Building Approvals depending on the country/ territory issuing the report. Related Terms: Construction Spending - Construction PMI
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