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Glossary Term: HOUSING STARTS

Definition(s) for HOUSING STARTS:


1. ) refers to the Commerce Department's monthly survey of the number of housing permits issued by local government authorities.

2. ) Award of a building permit for construction of new residential multifamily and single family housing. The volume of housing starts, gauging consumer demand for residential mortgages, is one of the 12 leading economic indicators compiled by the U.S. Department of Commerce.



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