Building Permits 1.441M vs 1.440M Est.
Portfolio Pulse from Bill Haddad
The number of building permits issued in the US came in at 1.441 million, slightly above the estimated 1.440 million.
July 26, 2023 | 12:09 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be impacted as building permits are a key economic indicator, reflecting future construction activity.
Building permits are a leading indicator of future construction activity. A higher than expected number suggests increased construction in the future, which could stimulate economic activity and potentially boost the overall market, and therefore SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75