U.S. Building Permits have historically acted as a leading indicator of economic slowdowns.
Each time construction activity cooled — in the 1970s, 2007, and again post-2021 — deep S&P 500 drawdowns followed shortly after.
Today, permits have fallen to 1.33M (−2.3%), while the S&P 500 remains near all-time highs with a minor −1.6% drawdown.
📊 Historically, this kind of divergence doesn’t last long.
When the real economy starts to weaken, the market usually follows.
👉 The housing cycle whispers before the market screams.
Each time construction activity cooled — in the 1970s, 2007, and again post-2021 — deep S&P 500 drawdowns followed shortly after.
Today, permits have fallen to 1.33M (−2.3%), while the S&P 500 remains near all-time highs with a minor −1.6% drawdown.
📊 Historically, this kind of divergence doesn’t last long.
When the real economy starts to weaken, the market usually follows.
👉 The housing cycle whispers before the market screams.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.