US April housing starts 1.361m vs 1.365m expected ...Middle East

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US April housing starts 1.361m vs 1.365m expected
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.

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