Key Economic Events for November 19, 2024

As traders approach another pivotal day for financial markets, a series of crucial economic data releases are expected on Tuesday, November 19, 2024. The spotlight will be on the housing sector, with building permits data taking center stage, offering insights into the health of the construction industry and broader economic trends.

Major Economic Events to Watch

• 8:30 AM ET – Building Permits (Oct): Forecast 1.440M, Previous 1.425M. This key indicator measures the change in new building permits issued, reflecting housing market demand.

Other Important Economic Events to Watch

• 8:30 AM ET – Housing Starts (Oct): Forecast 1.340M, Previous 1.354M. This measure is a leading indicator of housing sector strength.

• 8:30 AM ET – Building Permits (MoM) (Oct): Previous -3.1%. This indicates the month-over-month change in building permits, providing insight into near-term construction trends.

• 11:30 AM ET – Atlanta Fed GDPNow (Q4): Forecast 2.5%, Previous 2.5%. This running estimate of real GDP growth offers a snapshot of current economic performance.

• 4:30 PM ET – API Weekly Crude Stock: Previous -0.777M. This report provides an overview of petroleum demand through US crude oil inventory levels.

Other Economic Events to Watch

• 8:55 AM ET – Redbook (YoY) (Nov 13): Previous 4.8%. This index tracks year-over-year same-store sales growth in large US general merchandise retailers.

• 1:10 PM ET – Fed Schmid Speaks. Comments from the Kansas City Fed president may provide clues on the FOMC's economic assessment and policy outlook.

For further information and the latest updates, please refer to our Economic Calendar, here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.