USA Housing Starts (MoM) For September 7.0%; -12.5% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Housing Starts for September increased by 7.0%, a significant improvement from the prior month's decrease of 12.5%.
October 18, 2023 | 12:31 pm
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POSITIVE IMPACT
The increase in housing starts could potentially boost the overall market, which may positively impact SPY.
Housing starts are a key indicator of economic health. A rise in housing starts indicates increased construction activity, which can lead to job creation and increased consumer spending, potentially boosting the overall market and ETFs like SPY that track it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75