
Simon Says: Most residential building permits in 25 years!
It has been a while since I updated the Augusta Leading Economic Index (LEI) and there have been some interesting developments. In September and October, there were 572 and 545 new residential building permits issued for the August Metropolitan Statistical Area (MSA). The September number is the second highest, and the October number the fourth highest, since records began in January 2000. This represents good news for the construction industry and the supply of housing to help ensure affordable housing. Initial claims for unemployment insurance took a hit in October,