USA Building Permits (MoM) For July -4.0%; 3.9% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Building Permits for July decreased by 4.0% compared to the previous month, which had a 3.9% increase.
August 16, 2024 | 12:30 pm
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NEGATIVE IMPACT
The decrease in USA Building Permits for July by 4.0% could indicate a slowdown in the housing market, potentially impacting the broader market represented by SPY.
A significant drop in building permits can signal a slowdown in the housing market, which may affect investor sentiment and lead to short-term volatility in SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80