Key Economic Data on Building Permits and Housing Starts Set for Release

As investors prepare for an important upcoming day on the financial markets, significant economic data is scheduled to be released on Friday, January 17, 2025. Among the key highlights will be the building permits data, which will provide crucial insights into the housing market and the overall economic climate.

Major Economic Indicators to Consider

• 8:30 AM ET - Building Permits (Dec): The forecast is set at 1.460 million, compared to a previous count of 1.493 million. This number serves as a vital indicator of demand within the housing sector.

• 8:30 AM ET - Monthly Change in Building Permits (MoM) for December: The previous change was 5.2%. This metric measures the month-over-month change in new building permits issued.

• 8:30 AM ET - Housing Starts (Dec): The forecast for housing starts is 1.330 million, up from the previous figure of 1.289 million. This data indicates activity in new residential construction.

• 8:30 AM ET - Monthly Change in Housing Starts (MoM) for December: The previous month's change was -1.8%. This highlights the month-over-month change in new housing construction starts.

Additional Economic Releases to Monitor

• 9:15 AM ET - Industrial Production (MoM) for December: The forecast is 0.3%, with the previous figure at -0.1%, indicating changes in industrial sector output.

• 9:15 AM ET - Yearly Industrial Production (YoY) for December: The previous change stood at -0.90%.

• 12:15 PM ET - Atlanta Fed GDPNow (Q4): The current forecast is 3.0%, consistent with the previous estimate.

• 1:00 PM ET - Baker Hughes U.S. Rig Count: The prior count was 480, which reflects activity in the oil drilling sector.

• 3:30 PM ET - CFTC Speculative Positions: Various reports will indicate speculative trading sentiment across different markets, including the S&P 500 and commodities.

Final Thoughts

The economic data to be released on Friday will play a significant role in shaping insights into the housing market and economic landscape. Market participants are advised to stay tuned for these essential updates.

For the most recent information and updates on economic data, please refer to reliable economic calendars online.

economic, data, housing