{"id":30201,"date":"2026-03-12T16:04:47","date_gmt":"2026-03-12T16:04:47","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abdde-insaat-ruhsatlari-43ten-54e-gerileyerek-onceki-buyumeden-sert-bir-donuse-isaret-etti\/"},"modified":"2026-03-12T16:04:47","modified_gmt":"2026-03-12T16:04:47","slug":"abdde-insaat-ruhsatlari-43ten-54e-gerileyerek-onceki-buyumeden-sert-bir-donuse-isaret-etti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abdde-insaat-ruhsatlari-43ten-54e-gerileyerek-onceki-buyumeden-sert-bir-donuse-isaret-etti\/","title":{"rendered":"ABD\u2019de in\u015faat ruhsatlar\u0131 %4,3\u2019ten -%5,4\u2019e gerileyerek \u00f6nceki b\u00fcy\u00fcmeden sert bir d\u00f6n\u00fc\u015fe i\u015faret etti"},"content":{"rendered":"ABD\u2019de yap\u0131 ruhsatlar\u0131 (yeni in\u015faat i\u00e7in verilen izinler) de\u011fi\u015fimi Ocak\u2019ta \u00f6nceki %4,3\u2019ten -%5,4\u2019e geriledi.\n\nVeri, ayl\u0131k bazda (bir \u00f6nceki aya g\u00f6re) b\u00fcy\u00fcmeden daralmaya ge\u00e7ildi\u011fini g\u00f6steriyor.\n\n<h3>Yap\u0131 Ruhsatlar\u0131 B\u00fcy\u00fcmede Yava\u015flamaya \u0130\u015faret Ediyor<\/h3>\nBu g\u00f6sterge, verilen yap\u0131 ruhsat\u0131 say\u0131s\u0131ndaki ayl\u0131k y\u00fczde de\u011fi\u015fimi \u00f6l\u00e7er.\n\nOcak verisine ili\u015fkin ba\u015fka bir rakam payla\u015f\u0131lmad\u0131.\n\nOcak ay\u0131nda yap\u0131 ruhsatlar\u0131nda g\u00f6r\u00fclen sert d\u00fc\u015f\u00fc\u015f (\u066a4,3 art\u0131\u015ftan %5,4 d\u00fc\u015f\u00fc\u015fe), \u00f6n\u00fcm\u00fczdeki aylarda ekonomik faaliyet i\u00e7in \u00f6nemli bir uyar\u0131 sinyali. Bu veri, \u201c\u00f6nc\u00fc g\u00f6sterge\u201ddir; yani ekonomideki gidi\u015fat\u0131 \u00f6nceden i\u015faret etme e\u011filimindedir. Bu kadar net bir tersine d\u00f6n\u00fc\u015f, in\u015faat projelerinin ak\u0131\u015f\u0131n\u0131n belirgin \u015fekilde yava\u015flad\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor. Mart ay\u0131n\u0131n ortas\u0131na gelinmi\u015fken, piyasa bir sonraki konut verilerine \u00e7ok daha duyarl\u0131 olacakt\u0131r.\n\nBu rapor, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faizi de\u011fi\u015ftirmeden beklemede kalaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcn\u00fc destekliyor. \u015eubat ay\u0131 istihdam raporu da i\u015fe al\u0131mlar\u0131n beklenenden fazla yava\u015flad\u0131\u011f\u0131n\u0131 g\u00f6sterdi. Fed fon vadeli i\u015flemlerine (piyasan\u0131n gelecekteki politika faizini fiyatlad\u0131\u011f\u0131 kontratlar) g\u00f6re, ikinci \u00e7eyrekte faiz art\u0131r\u0131m\u0131 olas\u0131l\u0131\u011f\u0131 bu hafta %30\u2019un alt\u0131na indi. Daha zay\u0131f veriler, bu ihtimali daha da a\u015fa\u011f\u0131 \u00e7ekebilir ve faiz hareketlerine duyarl\u0131 i\u015flemleri etkileyebilir.\n\n<h3>Riskli Varl\u0131klar \u0130\u00e7in \u0130\u015flem Etkileri<\/h3>\nHisse senedi yat\u0131r\u0131mc\u0131lar\u0131 i\u00e7in bu tablo, konut \u00fcreticisi \u015firketlere odaklanan borsa yat\u0131r\u0131m fonlar\u0131nda (ETF: bir endeksi\/sekt\u00f6r\u00fc izleyen, borsada al\u0131n\u0131p sat\u0131lan fon) ve b\u00fcy\u00fck yap\u0131 malzemesi tedarik\u00e7ilerinde koruyucu \u201cput\u201d opsiyonlar\u0131n\u0131 (fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 sigorta gibi \u00e7al\u0131\u015fan sat\u0131\u015f hakk\u0131) g\u00fcndeme getirebilir. Son d\u00f6nemdeki g\u00fc\u00e7, gelece\u011fe d\u00f6n\u00fck k\u00e2r tahminleri sorgulan\u0131nca zay\u0131flayabilir. 2025 ortas\u0131nda, zay\u0131flayan konut verilerinin y\u0131l\u0131n ilerleyen d\u00f6neminde daha geni\u015f bir piyasa d\u00fczeltmesinden \u00f6nce benzer bir tablo yaratt\u0131\u011f\u0131 g\u00f6r\u00fclm\u00fc\u015ft\u00fc.\n\nRuhsatlar gibi gelece\u011fi i\u015faret eden bir \u00f6l\u00e7\u00fctteki ani bozulma, piyasa oynakl\u0131\u011f\u0131 (fiyat dalgalanmas\u0131) riskini art\u0131r\u0131r. VIX (S&#038;P 500 i\u00e7in \u201ckorku endeksi\u201d, beklenen oynakl\u0131\u011f\u0131 g\u00f6sterir) \u015fu s\u0131ralar 16 civar\u0131ndayken, endeks \u00fczerine al\u0131m opsiyonu (call: belirli fiyattan alma hakk\u0131) almak, olas\u0131 bir ekonomik s\u00fcrprize kar\u015f\u0131 g\u00f6rece d\u00fc\u015f\u00fck maliyetli bir korunma sa\u011flayabilir. Bu tek veri bile genel piyasa istikrar\u0131 konusunda temkinli olmay\u0131 gerektiriyor.\n\nEmtia taraf\u0131nda kereste ve bak\u0131r vadeli i\u015flemlerinde (futures: ileri tarihte teslim i\u00e7in bug\u00fcnden fiyat belirlenen s\u00f6zle\u015fmeler) uzun pozisyonlarda (fiyat art\u0131\u015f\u0131 beklentisiyle al\u0131nan \u043f\u043e\u0437\u0438\u0446\u0438\u044f) dikkatli olunmal\u0131. \u0130n\u015faat ba\u015flang\u0131\u00e7lar\u0131ndaki yava\u015flama, bu temel malzemelere talebin d\u00fc\u015fmesi anlam\u0131na gelir. Kereste fiyat\u0131 Mart ba\u015f\u0131ndan bu yana %4 geriledi; bu ruhsat verisi de a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131y\u0131 art\u0131rabilir.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>ABD\u2019de yap\u0131 ruhsatlar\u0131 Ocak\u2019ta %4,3 art\u0131\u015ftan %-5,4\u2019e d\u00f6nd\u00fc: konutta sert fren! \u00d6nc\u00fc g\u00f6sterge zay\u0131flama sinyali verirken Fed\u2019in bekle-g\u00f6r duru\u015fu g\u00fc\u00e7leniyor; riskli varl\u0131klarda korunma \u00f6ne \u00e7\u0131k\u0131yor.<\/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-30201","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\/30201","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=30201"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30201\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}