USA Housing Starts For September 1.358M Vs 1.380M Est.; 1.269M Prior
Portfolio Pulse from Benzinga Newsdesk
USA Housing Starts for September were reported at 1.358M, lower than the estimated 1.380M and higher than the prior figure of 1.269M.
October 18, 2023 | 12:30 pm
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NEGATIVE IMPACT
The lower-than-expected housing starts could potentially impact the SPY ETF, which tracks the S&P 500 index and is influenced by overall economic indicators.
Housing starts are a key economic indicator, reflecting the health of the economy. Lower-than-expected figures could indicate a slowdown in the housing market, which could potentially impact the broader market and thus the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75