Housing Construction
4 Major housing and construction economic data
Housing sector is a leading indicator of the health of an economy
It is the first one to suffer during economic downturn and the first to rise during economic upturn
HOUSING STARTS
Records number of new homes being built. Residential estate is among the first sectors to shutdown when near recession and the first to bloom when economy start to turn up.
Housing UP => profit UP => inflation UP => Interest rates UP => USD UP
Housing DOWN => profit DOWN => inflation DOWN => Interest rates DOWN => USD DOWN
BUILDING PERMITS
Records number of new permits for future construction.
Permits UP => profit UP => Inflation UP => Interest rates UP => USD UP
Permits DOWN => profit DOWN => Inflation DOWN => Interest rates DOWN => USD DOWN
EXISTING HOME SALES
Measures monthly sales of previously owned homes.
Sales UP => inflation UP => Interest rates UP => USD UP
Sales DOWN => inflation DOWN => Interest rates DOWN => USD DOWN
NEW HOME SALES
Measures number of sales of new homes.
Sales UP => Inflation UP => Interest rates UP => USD UP
Sales DOWN => Inflation DOWN => Interest rates DOWN => USD DOWN
