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New Data: Turkey - Residential Permits - SA
Wednesday, 21 Mar 2012 14:41 ET
By Megan Perkinson
Summary
March 2012 -- To supplement the reported residential building permits for Turkey, Moody's Analytics has created seasonally adjusted versions (three new monthly series from 2002).
Detail

Motivation: Our national source for Turkey reports building permits in not seasonally adjusted (NSA) terms from January 2002.  In particular, the number of permits for dwellings is divided into nine groups by function of the building.

Response: For international consistency, we have created seasonally adjusted counterparts for "number of permits for single-unit dwelling," "permits for two-or-more-unit dwellings" (i.e., multi-family), and their sum (all dwellings).

Properties: The three time series begin in January 2002. Values are in number of permits (#) at a seasonally adjusted annualized rate (SAAR).  Expect the SA supplements to be revised with each new historical value appended to the NSA fundamentals.

Method:

  1. Separately adjust single-family and multi-family permits using the U.S. Census Bureau's X-12 ARIMA program (HSQDPMTTT1DRAM.ITUR and HSQDPMTTT2MRAM.ITUR).
  2. Sum single family and multi-family for "all dwellings" (HSQDPMTTTRAM.ITUR).
Other
Related ReleaseConstruction Permits
SourceCentral Bank of the Republic of Turkey (CBT)
FrequencyQuarterly
GeographyTurkey
Catalog
Upcoming
Release DateReference date
06 Sep 20222Q 2022
06 Dec 20223Q 2022