Building permits are a key indicator of the health of the US housing market as they provide an estimate of the number of new housing units authorized by the government in any given month. Larger numbers of permits reflect an increase in the total planned investment in the housing market in the months to come, indicating expectations for economic growth and expansion, while lower numbers can signal a potential downturn in the economy.
Alternative forecasts and historical data can be found through these sources:
What will be the total number of new US building permits issued in August 2021?
Predictions should reflect the total number of new building permits issued (in millions) in total for the month of August. Resolution will be sourced from the US Census Bureau.
Historical data can be found here.