BREAKING: The US housing market continues to weaken 📣📌

01:30 PM BST, United States - Building Permits for May:

actual -2.0% MoM; previous -4.0% MoM;
actual 1.393M; forecast 1.420M; previous 1.422M;

01:30 PM BST, United States - Housing Starts for May:

actual -9.8% MoM; previous 2.7% MoM;
actual 1.256M; forecast 1.350M; previous 1.392M;

01:30 PM BST, United States - Employment Data:

Initial Jobless Claims: actual 245K; forecast 246K; previous 250K;
Jobless Claims 4-Week Avg.: actual 245.50K; previous 240.75K;
Continuing Jobless Claims: actual 1,945K; forecast 1,940K; previous 1,951K;

The US housing market remains weak, with housing starts at their lowest since 2020 and permits below expectations. Despite lower mortgage rates, demand hasn’t improved, and homebuilder sentiment is near crisis-era lows.

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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