Swings in Building Permits Can Help Predict Financial Downturns
https://insights.som.yale.edu/insights/swings-in-building-permits-can-help-predict-financial-downturns
For a new study, Yale SOM’s Cameron LaPoint and his co-author painstakingly assembled a dataset tracking local building permits over the last century. Again and again, they found, peaks in the issuing of permits preceded periods of economic turmoil, including the Great Depression, the oil shock recession of the mid 1970s, and the Global Financial Crisis.
https://insights.som.yale.edu/insights/swings-in-building-permits-can-help-predict-financial-downturns
For a new study, Yale SOM’s Cameron LaPoint and his co-author painstakingly assembled a dataset tracking local building permits over the last century. Again and again, they found, peaks in the issuing of permits preceded periods of economic turmoil, including the Great Depression, the oil shock recession of the mid 1970s, and the Global Financial Crisis.