Analysts at Nomura expect a 4.4% m-o-m decline in US housing starts to 1290k saar in June. Key Quotes “The strong labor market suggests that consumer demand for new housing likely remained firm. However, structural factors such as ongoing shortages of skilled labor and a lack of developable lots will likely weigh on construction of new single family housing. Moreover, permits for single family housing declined in May, pointing to slower starts in June.” “In addition, we expect sharp mean reversion in multifamily housing starts in June, which increased sharply by 7.5% m-o-m in May. On permits, we expect a 1.3% m-o-m increase to 1318k saar in June as permits for multifamily housing construction could revert. However, continued slowing in single-family permits in the West could weigh on the reading for June.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Brazil: Presidential race about to start – Rabobank FX Street 5 years Analysts at Nomura expect a 4.4% m-o-m decline in US housing starts to 1290k saar in June. Key Quotes "The strong labor market suggests that consumer demand for new housing likely remained firm. However, structural factors such as ongoing shortages of skilled labor and a lack of developable lots will likely weigh on construction of new single family housing. Moreover, permits for single family housing declined in May, pointing to slower starts in June." "In addition, we expect sharp mean reversion in multifamily housing starts in June, which increased sharply by 7.5% m-o-m in May. On permits, we expect a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
