United States USD

United States Building Permits MoM Final

Impact:
Medium

Latest Release:

Date:
Big Surprise:
1.4%
| USD
Actual:
-2.3%
Forecast: -3.7%
Previous/Revision:
-2.2%
Period: Aug

Next Release:

Date:
Forecast: 0.8%
Period: Sep
What Does It Measure?
Building permits measure the number of new residential construction permits issued in a given period, specifically focusing on the potential for future construction activities in the housing sector. This indicator assesses housing market strength, influencing trends in production, employment in construction, and overall economic health in a national context.
Frequency
Building permits data are released monthly, typically providing final figures by the middle of the following month after the reporting period.
Why Do Traders Care?
Traders monitor building permits as they provide insights into future construction activity, which can impact related financial markets, including currencies, stocks, and bonds. An increase in permits often signals confidence in the economy, leading to bullish trends for associated assets, while a decrease could suggest economic weakness and bearish effects.
What Is It Derived From?
The number of building permits is derived from a survey conducted by the U.S. Census Bureau, which collects data from local jurisdictions across the country. The calculation involves aggregating the number of permits issued for new housing units, encompassing single-family homes and multi-family dwellings.
Description
Building permits are typically released as final reports, which reflect refined data based on local authority submissions and adjustments. The final numbers are essential for assessing construction trends and economic forecasts, with preliminary findings often leading to market speculation before final data is confirmed.
Additional Notes
Building permits are considered a leading economic indicator, reflecting future construction trends that can influence job creation and consumer spending. These permits also provide comparative insights into housing market conditions, serving as a useful gauge against other construction and economic indicators both domestically and globally.
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
-2.3%
-3.7%
-2.2%
1.4%
-2.2%
-2.8%
-0.1%
0.6%
-0.1%
0.2%
-2%
-0.3%
-2%
-2%
-4%
-4%
-4.7%
1.9%
0.7%
0.5%
1.6%
-1%
-1.1%
-1%
-1.2%
-0.6%
0.2%
-0.6%
0.1%
-0.7%
-0.7%
-0.7%
-0.7%
5.2%
5.2%
6.1%
-0.4%
-0.9%
-0.4%
-0.6%
-3.1%
0.2%
-3.1%
-2.9%
4.6%
-0.2%
4.6%
4.9%
-3.3%
-0.3%
-3.3%
-4%
3.9%
0.7%
3.9%
3.4%
-2.8%
0.5%
-2.8%
-3.8%
-3%
1%
-3%
-3%
-3.7%
-3.7%
-4.3%
2.3%
0.6%
2.4%
1.9%
-0.3%
0.5%
-0.3%
-1.5%
1.8%
1.2%
1.8%
1.9%
-2.1%
-0.1%
-2.1%
-2.5%
1.8%
0.4%
1.8%
1.1%
-4.5%
0.7%
-4.5%
-4.4%
6.8%
-0.1%
6.8%
6.9%
0.1%
-0.1%
0.1%
0.1%
-3.7%
-3.7%
-3.7%
5.6%
5.6%
5.2%
-1.4%
0.4%
-1.4%
-1.5%
-3%
0.1%
-7.7%
-8.8%
15.8%
1.1%
15.8%
0.1%
0.1%
0.1%
-1%
-1%
-1.6%
-10.6%
0.6%
-10.6%
-11.2%
-3.3%
0.6%
-3.3%
-2.4%
1.4%
-0.9%
1.4%
1.4%
-8.5%
Broker Rebates