Prior month 1.324MBuilding permits 1.412M vs 1.450M expectedPrior permits 1.467M
Yesterday’s NAHB home builder sentiment reading matched the worst since 2022 and this week, US 30-year yields hit 5%.
I don’t see how the housing market provides any strength this year to the economy but that sector may be near a bottom.
This article was written by Adam Button at www.forexlive.com.