USA Housing Starts For August 1.356M Vs 1.310M Est.; 1.237M Prior
Portfolio Pulse from Benzinga Newsdesk
The USA housing starts for August were reported at 1.356 million, surpassing the estimated 1.310 million and the previous month's 1.237 million. This indicates a stronger-than-expected performance in the housing sector.
September 18, 2024 | 12:30 pm
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The SPDR S&P 500 ETF (SPY) may see a positive impact as the stronger-than-expected housing starts suggest economic strength, potentially boosting investor confidence in the broader market.
The better-than-expected housing starts indicate a robust housing market, which is a positive economic indicator. This could lead to increased investor confidence in the broader market, potentially benefiting SPY.
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