Building Permits
Building permits are an essential step in the pre-construction process of any building. Before construction is legally allowed to occur, all affected governmental or regulatory bodies must grant approval for the building. This permits the construction of a new building, or of any existing building that is undergoing significant modifications. Building permits are all about safety, and they help to ensure that buildings adhere to all the codes and regulations that are applicable to a particular area. Once all the permits have been approved, the construction of the building can begin. The U.S. Census Bureau releases an official report on the finalized number of the total monthly building permits on the 18th working day of every month. This report gives businesses, government agencies, and members of the public a better understanding of nationwide building permit trends. With the help of this report, all the necessary stakeholders can be aware of the current building permit trends, and use this knowledge to make decisions that can potentially affect the economic landscape of a particular region.