US Housing Starts Beat Forecast at 1.427M vs 1.31M Expected
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US housing starts surge 19% MoM, beat forecast of 11.2%
US housing starts jumped 19% month-over-month, crushing forecasts of 11.2% and reversing a prior -15.4% decline. The data signals stronger construction demand and potential USD support from improved economic resilience, though rate-path repricing on inflation expectations remains the dominant FX narrative ahead of Tuesday's CPI release.
https://x.com/financialjuice/status/2078094989175726318US June housing starts surge 19.0%, beat forecast 11.2%
US housing starts jumped 19.0% month-over-month in June, significantly outpacing the 11.2% consensus forecast. This stronger-than-expected construction activity signals robust demand and supports the USD, though market attention remains split between crowded positioning and upcoming Fed rate-path repricing ahead of Tuesday's CPI print.
https://x.com/FirstSquawk/status/2078095605797462172US Housing Starts June surge 19% MoM to 1427K, beat estimates
US housing starts jumped to 1.427M in June, crushing the 1.310M estimate and prior 1.177M, with a 19.0% monthly surge versus expected 11.2%. Building permits fell to 1.367K, missing 1.403K forecast. Housing data signals demand resilience ahead of Tuesday's CPI print, which will drive Fed rate-path repricing; USD strength expected if data supports inflation narrative.
https://x.com/LiveSquawk/status/2078095587103183175U.S. Housing Starts Surge Past Expectations in June
U.S. housing starts rebounded substantially above forecasts in June, signaling stronger residential construction activity. The data supports a resilient domestic economy, reinforcing USD strength amid crowded positioning. However, with rate-path repricing live following Fed Chair Waller's July hike signal and CPI due Tuesday, this housing print matters less than inflation data for near-term currency moves.
https://www.nasdaq.com/articles/us-housing-starts-rebound-more-expected-juneU.S. Housing Starts Surge In June; Multi-Family Permits Jump
U.S. housing starts rebounded substantially in June, with multi-family permits skyrocketing, per Commerce Department data. Strong residential construction signals resilience in the economy amid rate-path repricing following Fed's July 13 hawkish shift. USD strength likely, but overshadowed by Tuesday's CPI print and Fed rate narrative.
https://www.nasdaq.com/articles/us-housing-starts-soar-june-multi-family-permits-skyrocketNew to MyTradingLand?
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