Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Turkey
Index 2015=100, Quarterly, Seasonally Adjusted
TURPERMITQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.43
Year-over-Year Change
-17.92%
Date Range
1/1/1982 - 1/1/2018
Summary
The Index of Permit-Authorized Construction: Total for the United States (TURPERMITQISMEI) tracks the seasonally adjusted level of residential construction permits, a leading indicator of future housing starts and investment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The TURPERMITQISMEI index measures the number of new residential construction permits authorized each quarter, adjusted for seasonal variations. It is a closely watched metric as residential construction is a key component of GDP and a barometer for the health of the housing market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Historical Context
This index is used by policymakers, economists, and investors to gauge near-term housing market trends and make informed decisions.
Key Facts
- The index is benchmarked to 100 in 2015.
- Permits are a leading indicator of future housing starts.
- Declining permit levels can signal an upcoming housing slowdown.
FAQs
Q: What does this economic trend measure?
A: The TURPERMITQISMEI index tracks the seasonally adjusted level of new residential construction permits authorized each quarter in the United States.
Q: Why is this trend relevant for users or analysts?
A: Residential construction is a key component of GDP, and permit data is a leading indicator of future housing starts and investment, making it a closely watched metric for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of local building permit offices.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this index to gauge near-term housing market trends and make informed decisions about the broader economy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a slight delay, but it provides a timely snapshot of residential construction activity.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly, Seasonally Adjusted (TURPERMITQISMEI), retrieved from FRED.