Building Permits
Building Permits
About This Event
The number of building permits issued for April will be released.
Previous: 1.437M
Forecast: 1.416M
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 declined by 1.4 percent to a seasonally adjusted annual rate of 1.417 million in April 2023, revised data showed. This marked the second consecutive month of decline, indicating that housing demand remained subdued due to the impact of higher interest rates and rising consumer prices. Permits for the volatile multi-segment tumbled 7.7 percent to a rate of 561 thousand, the lowest since July 2021, while single-family authorizations increased 3.3 percent to a seven-month high of 856 thousand. Permits were down in the Northeast (-27.7 percent to 107 thousand) and Midwest (-14.7 percent to 174 thousand), but were up in the South (4.6 percent to 803 thousand) and West (5.0 percent to 333 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 May 23, 2023 (America/New_York), subject to source updates.
Source summary: The number of building permits issued for April will be released.
Previous: 1.437M Forecast: 1.416M
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 May 23, 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.
Track Market-Moving Events
Monitor earnings, economic releases, lockups, conferences, and other catalysts that impact stocks.
View Catalyst CalendarComprehensive Calendar
Track earnings, product launches, FDA approvals, economic events, and more.
Impact Ratings
Know which catalysts have the greatest potential to impact stock prices.
Never Miss an Event
Get alerts and reminders so you're always prepared for market-moving events.
View Catalyst Calendar
Track upcoming market events