United States USD

United States Building Permits Prel

Impact:
Medium

Latest Release:

Date:
Big Surprise:
-0.058M
| USD
Actual:
1.312M
Forecast: 1.37M
Previous/Revision:
1.362M
Period: Aug

Next Release:

Date:
Forecast: 1.34M
Period: Sep
What Does It Measure?
Building permits measure the number of new residential construction permits issued in the United States, serving as a key indicator of future construction activity and housing market health. This indicator primarily focuses on residential property development, assessing economic components such as real estate, construction, and employment in the construction sector.
Frequency
Building permits are released on a monthly basis, with data often presented as preliminary estimates which are subject to revisions in subsequent reports; they are typically published around the middle of the following month.
Why Do Traders Care?
Traders pay close attention to building permits because higher-than-expected results can signal economic growth and increased construction activity, which may positively impact currencies like the USD, as well as equities in the construction and materials sectors. Conversely, lower-than-expected readings may indicate weakness in the housing market and overall economic slowdown, leading to bearish effects on relevant financial assets.
What Is It Derived From?
Building permits data is derived from the Census Bureau's monthly survey, which collects information from residential construction contractors across the United States. This survey includes a wide range of respondents, such as city and county agencies, and utilizes a statistical sampling methodology to produce its estimates.
Description
Preliminary reports of building permits are based on early data collection and may be revised as further information becomes available; final reports reflect a more comprehensive and accurate assessment of the data. Since building permit data is typically reported on a month-over-month (MoM) basis, this reporting method helps traders monitor short-term trends in the housing market.
Additional Notes
Building permits are often considered a leading indicator of economic activity, suggesting potential future growth in the housing market and the broader economy. As a key part of understanding the construction sector's trajectory, this data is frequently examined alongside other related indicators, such as housing starts and existing home sales.
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
1.312M
1.37M
1.362M
-0.058M
1.354M
1.39M
1.393M
-0.036M
1.397M
1.39M
1.394M
0.007M
1.393M
1.43M
1.422M
-0.037M
1.412M
1.45M
1.481M
-0.038M
1.482M
1.45M
1.459M
0.032M
1.456M
1.45M
1.473M
0.006M
1.483M
1.46M
1.482M
0.023M
1.483M
1.46M
1.493M
0.023M
1.505M
1.43M
1.419M
0.075M
1.416M
1.43M
1.425M
-0.014M
1.428M
1.46M
1.47M
-0.032M
1.475M
1.41M
1.406M
0.065M
1.396M
1.43M
1.454M
-0.034M
1.446M
1.4M
1.399M
0.046M
1.386M
1.45M
1.44M
-0.064M
1.44M
1.48M
1.467M
-0.04M
1.458M
1.514M
1.523M
-0.056M
1.518M
1.495M
1.489M
0.023M
1.47M
1.509M
1.493M
-0.039M
1.495M
1.48M
1.467M
0.015M
1.46M
1.47M
1.498M
-0.01M
1.487M
1.45M
1.471M
0.037M
1.473M
1.45M
1.541M
0.023M
1.543M
1.443M
1.443M
0.1M
1.442M
1.463M
1.441M
-0.021M
1.44M
1.49M
1.496M
-0.05M
1.491M
1.42M
1.417M
0.071M
1.416M
1.437M
1.437M
-0.021M
1.413M
1.45M
1.55M
-0.037M
1.524M
1.34M
1.339M
0.184M
1.339M
1.35M
1.337M
-0.011M
1.33M
1.37M
1.351M
-0.04M
1.342M
1.485M
1.512M
-0.143M
1.526M
1.465M
1.564M
0.061M
Broker Rebates