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.