The housing market is often a strong indicator of how the greater economy as whole is moving and can aid finance officers in predicting current and future economic conditions, especially related to budgeting for capital projects.
- Construction Spending*: used by government agencies and construction-related businesses use construction spending data for economic forecasts, market research, and financial decision-making.
- Building Permits Issued for New Privately-Owned Housing Units*: Building permits offer foresight into future real estate supply levels. A high volume indicates the construction industry will be active, which forecasts more jobs and, again, an increase in GDP.
- Private Building Permits Issued per 100k People: same as above but normalized for population.