{"id":30200,"date":"2026-03-12T16:04:09","date_gmt":"2026-03-12T16:04:09","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/ocakta-abdde-insaat-izinleri-beklentileri-karsilayamadi-aylik-bazda-1376-milyon-beklenti-141-milyon\/"},"modified":"2026-03-12T16:04:09","modified_gmt":"2026-03-12T16:04:09","slug":"ocakta-abdde-insaat-izinleri-beklentileri-karsilayamadi-aylik-bazda-1376-milyon-beklenti-141-milyon","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ocakta-abdde-insaat-izinleri-beklentileri-karsilayamadi-aylik-bazda-1376-milyon-beklenti-141-milyon\/","title":{"rendered":"Ocak\u2019ta ABD\u2019de in\u015faat izinleri beklentileri kar\u015f\u0131layamad\u0131: Ayl\u0131k bazda 1,376 milyon, beklenti 1,41 milyon"},"content":{"rendered":"ABD\u2019de ocak ay\u0131nda yap\u0131 ruhsatlar\u0131 (in\u015faat izni) beklentilerin alt\u0131nda kald\u0131. Beklenti 1,41 milyondu.\n\nGer\u00e7ekle\u015fen 1,376 milyon oldu. Bu, ruhsat say\u0131s\u0131n\u0131n piyasa tahmininin alt\u0131nda oldu\u011funu g\u00f6steriyor.\n\n

Konut Ba\u015flang\u0131\u00e7lar\u0131 Daha B\u00fcy\u00fck R\u00fczg\u00e2rlar\u0131 \u0130\u015faret Ediyor<\/h3>\nOcak ay\u0131ndaki yap\u0131 ruhsat\u0131 sapmas\u0131, y\u00fcksek bor\u00e7lanma maliyetlerinin (kredi faizleri) konut sekt\u00f6r\u00fcn\u00fc bask\u0131lad\u0131\u011f\u0131na dair \u00f6nemli bir sinyal. Bu veri, gelecekteki in\u015faat faaliyetinin ve buna ba\u011fl\u0131 ekonomik hareketlili\u011fin \u00f6nceki beklentilerden daha zay\u0131f kalabilece\u011fini g\u00f6steriyor. Yak\u0131n vadede konut geli\u015ftirici (homebuilder) hisseleri ve ili\u015fkili sekt\u00f6rlerde bask\u0131n\u0131n s\u00fcrmesi beklenebilir.\n\nBu yava\u015flama, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faiz politikas\u0131 a\u00e7\u0131s\u0131ndan tabloyu zorla\u015ft\u0131r\u0131yor. \u015eubat 2026 T\u00dcFE (CPI: t\u00fcketici fiyat endeksi) verileri, \u00e7ekirdek enflasyonun (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 enflasyon) %3\u2019\u00fcn \u00fczerinde inat\u00e7\u0131 seyretti\u011fini g\u00f6sterse de, konuttaki zay\u0131fl\u0131k yeni faiz art\u0131\u015flar\u0131na kar\u015f\u0131 bir arg\u00fcman olu\u015fturuyor. Bu nedenle yat\u0131r\u0131mc\u0131lar daha \u201cg\u00fcvercin\u201d (faiz art\u0131\u015f\u0131na daha az e\u011filimli) bir Fed ihtimalini fiyatlamak i\u00e7in Hazine tahvili vadeli i\u015flemleri \u00fczerinde al\u0131m opsiyonu (call: belirli bir fiyattan alma hakk\u0131) stratejilerini de\u011ferlendirebilir; ama\u00e7, getirilerin (tahvil faizi\/yield) gerileyebilece\u011fi beklentisinden faydalanmak.\n\nBenzerini daha \u00f6nce g\u00f6rd\u00fck. 2024 boyunca 30 y\u0131ll\u0131k mortgage faizinin (konut kredisi faizi) %7\u2019nin \u00fczerinde kalmas\u0131, piyasa alg\u0131s\u0131n\u0131n ne kadar h\u0131zl\u0131 tersine d\u00f6nebilece\u011fini g\u00f6stermi\u015fti. Bug\u00fcn de faizler y\u00fcksek seyrederken, ocak ay\u0131 ruhsat verisi daha belirgin bir daralman\u0131n ba\u015flang\u0131c\u0131 olabilir. Bu nedenle \u00f6n\u00fcm\u00fczdeki birka\u00e7 ay i\u00e7in ITB gibi konut geli\u015ftirici ETF\u2019lerinde sat\u0131m opsiyonu (put: belirli bir fiyattan satma hakk\u0131) stratejisi g\u00fcndeme gelebilir.\n\nB\u00fcy\u00fcmenin yava\u015flamas\u0131 ile enflasyonun kal\u0131c\u0131 olmas\u0131 aras\u0131ndaki \u00e7at\u0131\u015fma, genel piyasa i\u00e7in belirsizli\u011fi art\u0131r\u0131yor. Bu t\u00fcr d\u00f6nemlerde piyasa oynakl\u0131\u011f\u0131 (volatilite: fiyatlar\u0131n daha h\u0131zl\u0131 ve geni\u015f aral\u0131kta dalgalanmas\u0131) genellikle y\u00fckselir.\n\n

Daha Y\u00fcksek Volatilite \u0130\u00e7in Konumlanma<\/h3>\nBu nedenle, VIX endeksi (piyasa korku endeksi; S&P 500 i\u00e7in beklenen dalgalanmay\u0131 \u00f6l\u00e7er) \u00fczerine al\u0131m opsiyonu (call) almak, \u00f6n\u00fcm\u00fczdeki haftalarda olas\u0131 bir piyasa d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 koruma (hedge: risk azaltma) amac\u0131yla de\u011ferlendirilebilir.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

ABD\u2019de ocak yap\u0131 ruhsatlar\u0131 1,376 milyonla 1,41 milyon beklentisini ka\u00e7\u0131rd\u0131: y\u00fcksek faizler konutu s\u0131k\u0131\u015ft\u0131r\u0131yor. Fed i\u00e7in g\u00fcvercin fiyatlama, tahvil call\u2019lar\u0131; ITB put ve VIX call ile volatiliteye haz\u0131rl\u0131k.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30200","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30200"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30200\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}