USA NAHB Housing Market Index For September 45 Vs 50 Est.; 50 Prior
Portfolio Pulse from Benzinga Newsdesk
The USA NAHB Housing Market Index for September has been reported at 45, lower than the estimated 50 and the prior value of 50.
September 18, 2023 | 2:00 pm
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The lower than expected NAHB Housing Market Index could potentially impact the SPY ETF, as it reflects broader economic conditions.
The NAHB Housing Market Index is a gauge of the health of the housing market and, by extension, the broader economy. A lower than expected index could indicate a slowdown in the housing market, which could potentially impact the broader market and, therefore, the SPY ETF.
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