Building Permits For April 1.44M Vs 1.48M Expected
Portfolio Pulse from Benzinga Newsdesk
Building permits for April came in at 1.44 million, falling short of the expected 1.48 million. This indicates a potential slowdown in the housing market.
May 16, 2024 | 12:30 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the lower-than-expected building permits for April, indicating a potential slowdown in the housing market.
The lower-than-expected building permits suggest a potential slowdown in the housing market, which could impact the broader economy and, consequently, the SPDR S&P 500 ETF (SPY).
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50