- Prior was 1.356m
- Starts -1.8% vs -3.1% prior
- Building permits 1.505m vs 1.430m expected
- Permits % vs -2.9% prior
Home builders have been some of the worst-performers since the election on inflation and high-rate fears. With a number like this, I don't imagine today will be any better.
This article was written by Adam Button at www.forexlive.com.