US housing market data for June was released today at 1:30 pm BST, data came in lower than expected for both building permits and housing starts, suggesting a weakening US economy as higher interest rates start to influence the market. This could serve as an argument for only one more interest rate hike at the end of July.
US housing market data for June
- Building permits: 1440k vs 1496k expected (1496k previously)
- Housing starts: 1434k vs 1480k expected (1631k previously)
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