Building Permits
Building Permits
About This Event
The number of building permits issued for August will be released.
Previous: 1.443M
Forecast: 1.443M
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 rose by 6.8% to a seasonally adjusted annual rate of 1.541 million in August 2023, the highest level since October 2022 and little-changed from the preliminary estimate of 1.543 million, revised data showed. The jump in permits suggested that new construction continues to thrive, driven by a shortage of homes available in the market, despite the dampening effect of rising mortgage rates on housing demand. Notably, single-family authorizations increased by 1.9% to a rate of 948 thousand, the highest since June 2022, while approvals for the volatile multi-segment surged by 15.6% to a three-month high of 593 thousand. Across the various US regions, there were increases in permits in the South (3.2% to 837 thousand), West (9.9% to 376 thousand), Midwest (14.3% to 208 thousand), and Northeast (11.1% to 120 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 September 19, 2023 (America/New_York), subject to source updates.
Source summary: The number of building permits issued for August will be released.
Previous: 1.443M Forecast: 1.443M
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 Sep 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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