Permits & Filings allows you to see market activity regarding construction permits (major alterations and new buildings) and offering plans. Outside of contracts and closings, this is a way to visualize pipeline activity and learn about new developments before they are publicized.
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Planned Units - The planned number of total units in a building
Permit Type - Major Alteration (anything that requires a new certificate of occupancy) or New Building
Offering Type - New condo, condo conversion, new co-op, co-op conversion
Offering sellout - The cumulative dollar amount that all planned units are expected to sell for
Turn on or off the data type (permit filed, offering submitted, offering accepted, offering effective) and view the chart weekly or monthly. Click through for more details on each specific license.
For a comprehensive pipeline analysis that includes all asset classes, check out Marketproof Pipeline.