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US July housing starts 1.452m vs 1.448m expected

Prior was 1.434m (revised to 1.398m)Starts +3.9% vs -11.7% priorBuilding permits 1.442m vs 1.463m expectedPermits +0.1% vs -3.7% priorUS home prices have held up better than anticipated this year but builders aren't rushing to put up more homes. They've been using rate buy-downs to entice buyers but that starts to get tougher with 30-year fixed rates above 7%. I expect strong construction for multiple years beginning in 2024 and accelerating as rates come back down. This article... Read More

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Content Topics

July

Housing

Starts

452m

448m

Expected

1 452m

1 448m

Forex

Posted: Aug 16 2023, 12:30

Author Name: forexlive

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