United States USD

United States Building Permits MoM Prel

Impact:
Medium

Latest Release:

Date:
Big Surprise:
-4.3%
| USD
Actual:
-3.7%
Forecast: 0.6%
Previous/Revision:
-2.2%
Period: Aug

Next Release:

Date:
Forecast: 0.8%
Period: Sep
What Does It Measure?
Building Permits measures the number of new residential construction permits issued in the United States, serving as an indicator of future construction activity. The primary focus is on residential building projects, assessing aspects of the housing market and economic health; key indicators include the number of permits issued and the trends in both single-family and multi-family units.
Frequency
Building Permits are released monthly, with preliminary figures providing early insight into construction trends and are typically published around the middle of each month.
Why Do Traders Care?
Traders monitor Building Permits data as it is a critical indicator of future construction activity and overall economic growth; robust permits signal strength in the housing market, influencing the value of related assets such as the USD, stocks, and bonds. Specifically, higher-than-expected figures can boost market sentiment and lead to capital inflows into construction-related equities.
What Is It Derived From?
Building Permits data is compiled from a survey of local building departments across the US, which report the number of permits granted for new residential buildings each month. The data collection relies on standardized reporting procedures, with the total count adjusted for seasonality and compared to historical averages for context.
Description
Preliminary reports on Building Permits are based on early submissions from local authorities, and these figures may be subject to revisions as more complete data becomes available in the final report. Traders often focus on the preliminary figures due to their immediacy, although the finalized data, which reflects adjustments and corrections, can lead to changes in market perceptions once released.
Additional Notes
Building Permits serve as a leading economic indicator, often predicting future construction and employment trends in the housing sector. It is generally viewed in relation to housing starts and completions, and strong permit issuance can indicate a healthy economic outlook, potentially signaling trends observed in similar reports 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
-3.7%
0.6%
-2.2%
-4.3%
-2.8%
-0.2%
-0.1%
-2.6%
0.2%
-1.7%
-2%
1.9%
-2%
-1.5%
-4%
-0.5%
-4.7%
-1.2%
1.9%
-3.5%
1.6%
-4%
-1%
5.6%
-1.2%
-0.2%
-0.6%
-1%
0.1%
-0.8%
-0.7%
0.9%
-0.7%
-0.9%
5.2%
0.2%
6.1%
1.3%
-0.4%
4.8%
-0.6%
2.5%
-3.1%
-3.1%
-2.9%
-0.1%
4.6%
-2.8%
4.9%
1.1%
-3.3%
3.8%
-4%
-0.4%
3.9%
-3.6%
3.4%
0.5%
-2.8%
2.9%
-3.8%
0.7%
-3%
-4.5%
-3%
-0.2%
-3.7%
-2.8%
-4.3%
-0.7%
2.3%
-3.6%
1.9%
-0.2%
-0.3%
2.1%
-1.5%
0.7%
1.8%
-2.2%
1.9%
0.9%
-2.1%
1%
-2.5%
-1.2%
1.8%
-1.3%
1.1%
-1.5%
-4.5%
2.6%
-4.4%
-5.2%
6.8%
0.8%
6.9%
-1.3%
0.1%
8.2%
0.1%
1.1%
-3.7%
-1%
-3.7%
-2.3%
5.6%
-1.4%
5.2%
0.6%
-1.4%
4.6%
-1.5%
0.2%
-3%
-1.7%
-8.8%
-6%
15.8%
-2.8%
13.8%
0.2%
0.1%
13.6%
0.1%
2.8%
-1%
-2.7%
-1.6%
3.7%
-10.6%
-5.3%
-11.2%
-1.8%
-3.3%
-9.4%
-2.4%
-6.3%
1.4%
3.9%
Broker Rebates