United States USD

United States Building Permits Final

Impact:
Medium

Latest Release:

Date:
Big Surprise:
0.018M
| USD
Actual:
1.33M
Forecast: 1.312M
Previous/Revision:
1.362M
Period: Aug

Next Release:

Date:
Forecast: 1.34M
Period: Sep
What Does It Measure?
The United States Building Permits Final measures the number of new residential construction permits issued by local governments. This indicator focuses on the expected future housing supply and construction activity, primarily assessing aspects of production in the residential real estate sector and influencing factors such as employment and economic growth.
Frequency
This report is released on a monthly basis, typically published around the middle of each month, and represents final figures rather than preliminary estimates.
Why Do Traders Care?
Traders monitor Building Permits as it serves as a leading indicator of economic activity, particularly in the housing market. Higher-than-expected results can provide bullish signals for related markets, such as construction stocks and materials, while weaker data may prompt concerns regarding economic slowdown and affect investor sentiment in equities and currencies.
What Is It Derived From?
Building Permits data is compiled from surveys conducted by local governments, which collect information on permits issued for new residential construction. The data is aggregated and verified by the U.S. Census Bureau to ensure accuracy, often reflecting trends in construction, housing demand, and market confidence.
Description
Final reports of Building Permits provide an accurate reflection of past construction trends, allowing analysts and traders to gauge health in the housing sector. It is reported on a seasonally adjusted annualized rate basis, revealing essential insights into the future supply of homes and the strength of the construction industry, which is a significant component of economic growth.
Additional Notes
Building Permits serve as a leading economic indicator, often used to predict future construction activity and housing market conditions. This metric is closely watched alongside related reports, such as Housing Starts and Existing Home Sales, and is indicative of broader economic trends, reflecting the health of both regional and national economies.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
1.33M
1.312M
1.362M
0.018M
1.362M
1.354M
1.393M
0.008M
1.393M
1.397M
1.394M
-0.004M
1.394M
1.393M
1.422M
0.001M
1.422M
1.412M
1.481M
0.01M
1.467M
1.482M
1.459M
-0.015M
1.459M
1.456M
1.473M
0.003M
1.473M
1.483M
1.482M
-0.01M
1.482M
1.483M
1.493M
-0.001M
1.493M
1.505M
1.419M
-0.012M
1.419M
1.416M
1.425M
0.003M
1.425M
1.428M
1.47M
-0.003M
1.47M
1.475M
1.406M
-0.005M
1.406M
1.396M
1.454M
0.01M
1.454M
1.446M
1.399M
0.008M
1.399M
1.386M
1.44M
0.013M
1.44M
1.44M
1.467M
1.467M
1.458M
1.523M
0.009M
1.524M
1.518M
1.489M
0.006M
1.489M
1.47M
1.493M
0.019M
1.493M
1.495M
1.467M
-0.002M
1.467M
1.46M
1.498M
0.007M
1.498M
1.487M
1.471M
0.011M
1.471M
1.473M
1.541M
-0.002M
1.541M
1.543M
1.443M
-0.002M
1.443M
1.442M
1.441M
0.001M
1.441M
1.44M
1.496M
0.001M
1.496M
1.491M
1.417M
0.005M
1.417M
1.416M
1.437M
0.001M
1.43M
1.413M
1.55M
0.017M
1.55M
1.524M
1.339M
0.026M
1.339M
1.337M
1.337M
1.33M
1.351M
0.007M
1.351M
1.342M
1.512M
0.009M
1.512M
1.526M
1.564M
-0.014M
1.564M
1.564M
1.542M
Broker Rebates