Basic termsThere are 2 entries in this glossary.
|BBA Mortgage Approvals||
The number of mortgage or home loans collectively approved by members of the British Bankers Association (BBA). This figure is published monthly by the BBA, and is considered to be an important leading indicator about the state of the housing market in the United Kingdom. A rising number of mortgage approvals would usually indicate a growing or healthy housing market, while a decline in the number of mortgage approvals would imply that the housing market is sluggish.
A type of authorization that must be granted by a government or other regulatory body before the construction of a new or existing building can legally occur. The U.S. census bureau reports the finalized number of the total monthly building permits on the 18th work day of every month.
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