New Mexico building permits: October 2018


New Mexico issued 423 building permits for privately owned housing during October, according to data obtained from the U.S. Census Bureau.

Economists follow building permits closely because they can be a barometer of economic activity with higher numbers signaling a surge in economic growth or lower numbers raising concerns of a coming downturn. Higher numbers can also indicate job expansion in the construction industry and more demand for related home products, such as appliances and furnishings.

Nationwide, 112,566 building permits for privately owned housing were issued in October.

Building permits issued in New Mexico in October
1 Unit
2 Units
3 and 4 Units
5 Units or More
Total
339
2
0
82
423

Source: US Census Bureau

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