Building permits for new private housing units are listed as a leading indicator by the Conference Board.

Question

Quizplus · Accepted Answer

Building permits for new private housing units are considered a leading indicator as they can provide insight into future construction activity and demand for housing. The Conference Board, a US business organization, includes building permits as one of its components in the Leading Economic Index (LEI) for the United States.

Building Permits for New Private Housing Units Are Listed as a Leading