USA Housing Starts For July 1.452M Vs 1.448M Est.; 1.398M Prior
Portfolio Pulse from Happy Mohamed
USA Housing Starts for July were reported at 1.452M, slightly above the estimated 1.448M and significantly higher than the prior figure of 1.398M.

August 16, 2023 | 12:30 pm
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The higher than expected USA Housing Starts for July could potentially have a positive impact on SPY as it indicates a robust housing market, which is a key indicator of economic health.
Housing starts are a key economic indicator. A higher than expected figure suggests a robust housing market, which is often a sign of a healthy economy. As SPY is a broad market ETF, it is likely to be positively impacted by strong economic indicators.
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