USA Housing Starts (MoM) For June 3.0%; -4.6% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Housing Starts for June increased by 3.0%, compared to a decline of 4.6% in the previous month.
July 17, 2024 | 12:30 pm
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POSITIVE IMPACT
The increase in USA Housing Starts for June by 3.0% is a positive indicator for the overall economy, which could positively impact the SPY ETF.
An increase in housing starts is generally seen as a positive economic indicator, suggesting growth in the housing market and potentially boosting investor confidence in the broader market, which SPY tracks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50