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Data from U.S. Census Bureau. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Building Permits MoM fell to -0.7% in May 2026
U.S. Census BureauMonthlyReleased June 2026
US Building Permits MoM fell to -0.7% in May 2026, released June 2026, down 5.1% from April's 4.4% reading. The reading missed the -0.6% consensus by 0.1%. Building Permits MoM has now declined for 3 consecutive months. The reading is in the 40th percentile of the trailing 24-month range.
Latest Release
-0.7
Actual
-0.6
Consensus
4.4
Previous
Median Absolute Error
±0.76 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 7.3
Actual: 4.4
Error: +2.9
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Building Permits MoM (United States) was reported at -0.7% in June 2026. This missed the market consensus of -0.6% by 0.1%. The reading fell from the previous value of 4.4%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The trailing three releases averaged 1.83%, up from the prior three at 1.27%. In May readings over the past 3 years, Building Permits MoM has averaged 1.05%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.76%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include API Crude Oil Stock Change (Jun 16) and MBA 30-Year Mortgage Rate (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Building Permits MoM - US
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About Building Permits MoM — United States
DEFINITION
Building Permits MoM (Month-over-Month) is a key financial indicator that measures the change in the number of permits issued for new construction projects on a monthly basis. This data provides valuable insights into the current and future state of the construction industry, as well as the overall health of the economy. It is closely monitored by investors, analysts, and policymakers as it can indicate trends in housing demand, consumer confidence, and economic growth. A higher number of building permits MoM is generally seen as a positive sign for the economy, while a decline may signal a slowdown in construction activity.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual -0.7 M, consensus -0.6 M. Prior reading (Apr 2026): 4.4 M. Before that (Apr 2026): 5.8 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.