US: Housing starts likely to fall 0.7% in June – TDS

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According to analysts at TD Securities, US housing starts are projected to fall a small 0.7% m/m in June lowering its level to 1,260k from 1,269k before.

Key Quotes

“Despite this decline, housing starts are likely to end the quarter at a solid level, registering an improvement over Q1 and Q4, as demand continues to gradually increase on the back of lower mortgage rates. On a similar note, building permits (a leading indicator for construction) likely rose marginally at 0.1% to 1,300k in June.”

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