Building Permits
Building Permits
About This Event
The number of building permits issued for October will be released.
Previous: 1.471M
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 rose by 1.8% to a seasonally adjusted annual rate of 1.498 million in October 2023, compared to the preliminary estimate of 1.487 million, revised data showed. However, it stayed below the 10-month high of 1.541 million seen in August, due to ongoing constraints in the construction market resulting from a substantial shortage of homes, influenced by rapid increases in interest rates and construction expenses. Approvals for the volatile multi-segment increased by 4.1% to a rate of 529 thousand, rebounding from September's three-year low, while single-family authorizations rose by 0.6% to 969 thousand, a peak since May 2022. Across the various US regions, there were increases in permits in the South (4.2% to 852 thousand) and the Northeast (17.4% to 128 thousand), while declines were reported in the West (-2% to 348 thousand) and the Midwest (-10.1% to 170 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 November 17, 2023 (America/New_York), subject to source updates.
Source summary: The number of building permits issued for October will be released.
Previous: 1.471M 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 Nov 17, 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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