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1 year ago

By what specific measurement is construction used as an economic indicator for the u.s. economy?

1 answer:

8 0

The specific construction measurement used as an indicator for the health of the economy in the United States is housing starts.

<h3>What is housing starts?</h3>

The phrase "housing starts" refers to the beginning of building a new residential dwelling.

A crucial economic indicator frequently observed by players in the financial markets, new housing is a high-ticket capital product that encourages extra consumer expenditure on furnishings and appliances.

Based on a poll of homebuilders that is partially funded by the U.S., the U.S. Census Bureau publishes estimates of U.S. housing starts on the 12th business day of every month. Urban Development and Housing Department.

A count of building permits collected from a separate survey of building permit offices are also included in the New Residential Construction report along with information on housing completions.

Learn more about housing starts

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2 years ago

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