Building Permits (Jun) 1.446M vs 1.4M Est.
Portfolio Pulse from Benzinga Newsdesk
Building permits for June came in at 1.446 million, surpassing the estimated 1.4 million. This indicates a stronger-than-expected housing market.
July 17, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact as stronger-than-expected building permits indicate a robust housing market, which can boost investor confidence in the broader economy.
Stronger-than-expected building permits suggest a healthy housing market, which is a positive indicator for the overall economy. This can lead to increased investor confidence and potentially higher stock prices for SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50