SPY & Building Permits
The number of permits issued for new privately-owned housing units.
SPY Price
Building Permits
Year-over-Year Change
What It Measures
Building permits measures the number of permits issued by local governments for new residential construction. Since permits must be obtained before construction begins, this data leads housing starts by approximately 1-2 months. Not all permits result in actual construction (some expire or are cancelled), but the permit data provides an early read on housing intentions.
Why It Matters
**Leading Indicator**: Permits predict future housing construction and associated economic activity. **Builder Confidence**: Shows developers' willingness to commit to new projects. **Supply Pipeline**: Indicates future housing supply additions. **Regional Planning**: Used by local governments and businesses for planning.
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-01-22)
Building Permits: PERMIT - Building Permits from U.S. Census Bureau
Units: Thousands of Units, Seasonally Adjusted Annual Rate, Monthly