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According to analysts at TD Securities, US housing starts are expected to have given back some of the strength behind January’s 18.6% m/m pop, with the market projecting a 0.9% m/m decline for February.

Key Quotes

“Single-family housing starts were the main driver of the increase following several months with consecutive declines.”

“Moreover, the Richmond Fed manufacturing survey is expected to show a decline in March following two increases to start the year, while the Conference Board’s consumer confidence index is projected to continue to build on its recent rebound after the sour end to the year.”