USA Housing Starts For September 1.354M Vs 1.350M Est.; 1.361M Prior
Portfolio Pulse from Benzinga Newsdesk
The USA housing starts for September were reported at 1.354 million, slightly above the estimated 1.350 million but below the prior month's 1.361 million.
October 18, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience minor fluctuations due to the slightly better-than-expected housing starts data for September, which came in at 1.354 million versus the 1.350 million estimate.
The housing starts data is a minor economic indicator that can influence broader market sentiment. The slight beat in expectations is not significant enough to cause major movements in SPY, but it could contribute to overall market sentiment.
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