Building Permits
Building Permits
About This Event
The number of building permits issued for March will be released.
Previous: 1.55M
Forecast: 1.45M
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 were revised higher to a seasonally adjusted annualized rate of 1.43 million in March of 2023, compared to initial estimates of 1.413 million, but continued to point to subdued housing demand amid higher interest rates and rising consumer prices. Permits for the volatile multi-segment fell slightly less than initially expected (-20% to 611 thousand vs 595 thousand in the preliminary estimate) while permits for the single-family segment rose more (4.2% to 819 thousand vs an initial rate of 818 thousand). Permits declined less than anticipated in the South (-11.2% to 766 thousand vs an initial 761 thousand) and the West (-15.7% to 317 thousand vs 314 thousand) and rose more in the Midwest (4.1% to 204 thousand vs 194 thousand). On the other hand, permits in the Northeast were revised slightly lower (24.3% to 143 thousand vs 144 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 April 18, 2023 (America/New_York), subject to source updates.
Source summary: The number of building permits issued for March will be released.
Previous: 1.55M Forecast: 1.45M
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...
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 Apr 18, 2023 (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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