Building Permits 1.399M vs 1.386M Est.
Portfolio Pulse from Benzinga Newsdesk
Building permits for the latest period came in at 1.399 million, slightly above the estimated 1.386 million. This indicates a marginally stronger housing market than expected.
June 26, 2024 | 12:31 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a slight positive impact due to the better-than-expected building permits data, indicating a marginally stronger housing market.
The better-than-expected building permits data suggests a stronger housing market, which can positively influence the broader market sentiment and, consequently, the SPDR S&P 500 ETF (SPY).
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50