USA Housing Starts For June 1.353M Vs 1.300M Est.; 1.314M Prior (Revised)
Portfolio Pulse from Benzinga Newsdesk
USA housing starts for June came in at 1.353 million, surpassing the estimated 1.300 million and the revised prior figure of 1.314 million.
July 17, 2024 | 12:30 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact as the better-than-expected housing starts indicate a stronger economy, which could boost investor confidence.
Housing starts are a key economic indicator. The better-than-expected figures suggest economic strength, which is generally positive for the broader market represented by SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50