Market Specific Building Permit Forecasts
Based upon economic theory and research, we have determined primary economic indicators that affect permit rates for single and multi-family construction. For each of the top 41 markets, those variables are tested to determine which are statistically significant for predicting housing permits in that area.
Rather than simply using each variable as reported five months prior, the models draw from three-month moving averages. It is our hope that this will accurately reflect the circumstances and environment that builders face when they are planning future homes, while also preventing large, unsupported changes in forecasts from month-to-month.
Warm Weather Dummy
House Price Index
Housing Market Index
Construction Price Index
Consumer Confidence Index
Rental Vacancy Rate
Preview of Market Specific Analysis
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