Housing Starts For July 1.238M Vs 1.340M Est.; 1.329M Prior (Revised)
Portfolio Pulse from Benzinga Newsdesk
Housing starts for July came in at 1.238 million, below the estimated 1.340 million and the revised prior figure of 1.329 million.
August 16, 2024 | 12:30 pm
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The SPDR S&P 500 ETF (SPY) may see short-term volatility due to the lower-than-expected housing starts for July, which could signal potential economic slowdown.
The lower-than-expected housing starts suggest a potential slowdown in the housing market, which could impact broader economic indicators and investor sentiment, leading to short-term volatility in SPY.
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