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What is US Building Permits Data and the importance of DataBack

US Building Permits Data is also called Residential Building Permit. It is a annualized number of new residential building permits issued by the government during the previous month.
This data is relaesed by the U.S. census bureau, they reports the finalized number of the total monthly building permits on the 18th work day of every month.

Why Traders care about it

It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.

Importance of Building Permits data

Its a high impact data which will affect to USD, Bullion and Base Metals. Traders must care about this data.


Effect:
If Actual comes higher than the Forecast that is a good sign for USD & Metals Negative for Bullion. (Vice-versa)

Today's data: Actual Will come @ 7PM Forecast 1.15M

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Posted on: 17-Nov-2015 | Posted by: NIFM | Comment('0')
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