Building Permits measures the number of approvals granted by local jurisdictions for new or existing building construction in the United States during a specified period. This indicator reflects the level of construction activity and can provide insight into future housing supply and economic trends, as higher permit levels often indicate increased construction and investment in the economy.
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.