Building Permits (Aug) 1.543M vs 1.44M Est.
Portfolio Pulse from Bill Haddad
The number of building permits issued in August was 1.543 million, surpassing the estimated 1.44 million.
September 19, 2023 | 12:31 pm
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POSITIVE IMPACT
The higher than expected number of building permits could indicate a robust housing market, potentially benefiting the broader market and ETFs like SPY.
Building permits are a leading indicator of future construction activity. A higher than expected number suggests a robust housing market, which can stimulate the broader economy. This could potentially benefit the broader market and ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75