USA Housing Starts For December 1.460M Vs 1.426M Est.; 1.525M Prior
Portfolio Pulse from Benzinga Newsdesk
USA Housing Starts for December were reported at 1.460 million, exceeding the estimate of 1.426 million but lower than the previous month's figure of 1.525 million.
January 18, 2024 | 1:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may be indirectly affected by the housing starts data, as it reflects broader economic trends.
While the housing starts data is a positive economic indicator, its direct impact on the SPY ETF is limited as SPY is diversified across various sectors. However, it may influence investor sentiment regarding economic growth.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50