Tag Archives: Housing Permits

Building permits from California, Florida, and Texas make up a third of all building permits issued nationwide and have been dominating this statistic for the last decade.

Publishing data covering the month of February 2023, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development has released their joint report on new residential construction permits, starts, and completions.

A new report gives insights into the factors that are likely to keep the Golden State from achieving its goal for more affordable housing.

Manufacturing growth slowed from December to January, according to an early February report from the Institute for Supply Management. Meanwhile, permits for future home construction dropped 0.7 percent month-over-month to a seasonally adjusted annual rate of 1.05 million, the Commerce Department said.

A popular index gauging leading U.S. economic indicators grew for a third straight month in November, signaling moderate economic growth as the year closes out. The Conference Board's Leading Economic Index (LEI) increased 0.6 percent in November to 105.5, the group reported. Released monthly, the index gauges the potential for future economic growth based on 10 leading components, including homebuilding permits, weekly initial unemployment claims, and average consumer expectations for business conditions.

The continuing improvement comes as consumers express a more optimistic outlook for the economy and their own finances. Last week, the University of Michigan/Thomson Reuters preliminary reading of consumer sentiment hit its highest level in more than seven years, spurred by improving labor conditions and cheaper gasoline prices.

A gauge of leading economic indicators in the United States showed solid growth in September, suggesting moderate economic expansion to finish out the year.