Building Permits
Building Permits
About This Event
The number of building permits issued for June will be released.
Previous: 1.496M
Forecast: 1.49M
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 by 3.7 percent to a seasonally adjusted annual rate of 1.441 million in June 2023, down from the seven-month high of 1.496 million recorded in May, revised data showed. Approvals for the volatile multi-segment tumbled by 13.0 percent to a rate of 517 thousand, the lowest level since October 2020, while single-family authorizations increased by 2.4 percent to a 12-month high of 924 thousand. Permits were down in the South (-2.6 percent to 801 thousand), West (-3.4 percent to 338 thousand), and Northeast (-22.6 percent to 106 thousand), but were up in the Midwest (4.8 percent to 196 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 July 19, 2023 (America/New_York), subject to source updates.
Source summary: The number of building permits issued for June will be released.
Previous: 1.496M Forecast: 1.49M
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 Jul 19, 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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