USA Housing Starts For March 1.321M Vs 1.480M Est.; 1.549M Prior
Portfolio Pulse from Benzinga Newsdesk
USA housing starts in March were reported at 1.321 million, significantly below the estimated 1.480 million and the previous month's 1.549 million. This indicates a slowdown in the housing market.
April 16, 2024 | 12:31 pm
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The lower-than-expected housing starts in March could signal a cooling economy, potentially impacting the SPDR S&P 500 ETF Trust (SPY) as it reflects broader market sentiment.
Housing starts are a key economic indicator, reflecting consumer confidence and spending power. A significant miss in this area suggests a potential slowdown in economic activity, which could lead to a more cautious approach from investors, impacting the broader market and ETFs like SPY that track major indices.
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