01:30 PM GMT, United States - Housing Starts for November:
- actual -1.8% MoM; previous -3.2% MoM;
- actual 1.289M; forecast 1.350M; previous 1.312M;
01:30 PM GMT, United States - Building Permits for November:
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Open account Try demo Download mobile app Download mobile app- actual 6.1% MoM; previous -0.4% MoM;
- actual 1.505M; forecast 1.430M; previous 1.419M;
Home builders have struggled since the election due to concerns about inflation and high interest rates. While today's outlook isn't likely to improve, the building permits data offers a glimmer of hope that's more positive than the overall numbers imply.
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