Building Permits
Building Permits
About This Event
The number of building permits issued for October will be released.
Previous: 1.564M
Forecast: 1.526M
Building permits measures the change in the number of new building permits issued by the government. This is a key indicator of demand in the housing market. Higher than expected building permits is bullish, while lower than expected building permits is bearish.
Building permits in the United States dropped 3.3 percent from a month earlier to a seasonally adjusted annual rate of 1.512 million in October 2022, below a preliminary estimate of 1.526 million, revised data showed. Permits, a proxy for future construction, hit the lowest level since June 2020 as soaring prices and rising mortgage rates weighed on demand and activity. Single-family authorizations declined 3.3 percent to a rate of 841 thousand, while the volatile multi-segment also dropped 3.3 percent to 671 thousand. Permits were down in the West (-12.9 percent to 330 thousand) and Northeast (-13.2 percent to 112 thousand), but were up in the South (1.5 percent to 860 thousand) and Midwest (0.5 percent to 210 thousand). source: U.S. Census Bureau
Why This Event Matters
Economic releases such as Building Permits are widely followed because they can shape expectations for growth, inflation, and monetary policy. Traders and investors often use these data points when assessing interest-rate outlooks, Treasury yields, and sector rotation themes. The scheduled timing is November 23, 2022 (America/New_York), subject to source updates.
Source summary: The number of building permits issued for October will be released.
Previous: 1.564M Forecast: 1.526M
Building permits measures the change in the number of new building permits issued by the government. This is a key indicator of demand in the housing market. Higher than expected building permits is bullish, while lower than expected building permits is bearish.
Building permits in the...
This listing is associated with SPY. Market participants may watch these names around the event window for volatility or news flow.
Frequently Asked Questions
- What is Building Permits?
- It is a stock market catalyst entry on Catacal—an event or release investors and traders may monitor. Details are summarized from the cited source and may be updated over time.
- When is Building Permits?
- The calendar shows Nov 23, 2022 (America/New_York). Verify the exact time and any changes using the source link when planning around the event.
- Why does Building Permits matter for investors?
- Macro releases can influence rate expectations, yields, and sector leadership. Market participants often reassess positioning after the data.
- Which stocks or sectors could be affected?
- Symbols linked to this listing include SPY; other names in the same industry group may also move with related news.
- How is this event categorized?
- Catacal groups this entry under "Economic Data" for navigation. Categories help you find comparable catalysts and build a week-by-week watchlist.
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