Building Permits
Building Permits
About This Event
The number of building permits issued for November will be released.
Previous: 1.512M
Forecast: 1.485M
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 tumbled 10.6 percent from a month earlier to a seasonally adjusted annual rate of 1.351 million in November 2022, the lowest level since June 2020 and compared to a preliminary estimate of 1.342 million, revised data showed. Permits, a proxy for future construction, have been falling as soaring prices and rising mortgage rates hit demand and activity. Approvals of units in the multi-family segment were revised up to 0.570 million from 0.561 million in earlier estimates; while permits for single-family units were unchanged at 0.781 million. Permits fell in the Midwest (-5.2% vs -6.2% in early estimates), the South (-12.4% vs 12.2%) and the West (-14.8% vs -16.4%) but rose in the Northeast (5.4% vs 1.8%). 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 December 20, 2022 (America/New_York), subject to source updates.
Source summary: The number of building permits issued for November will be released.
Previous: 1.512M Forecast: 1.485M
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 Dec 20, 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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