Building Permits
Building Permits
About This Event
The number of building permits issued for September will be released.
Previous: 1.541M
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 decreased by 4.5% to a seasonally adjusted annual rate of 1.471 million in September 2023, down from August's 10-month high of 1.541 million, revised data showed. Housing demand has been hit by rising mortgage rates, while the ongoing shortage of available homes in the market helped to provide some support. Notably, approvals for the volatile multi-segment dropped by 14.3% to a rate of 508 thousand, the lowest level since October 2020, while single-family authorizations increased by 1.6% to a 16-month high of 963 thousand. Across the various US regions, there were decreases in permits in the South (-2.3% to 818 thousand), West (-5.6% to 355 thousand), Midwest (-9.1% to 189 thousand), and Northeast (-9.2% to 109 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 October 18, 2023 (America/New_York), subject to source updates.
Source summary: The number of building permits issued for September will be released.
Previous: 1.541M 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...
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 Oct 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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