US May housing starts 1.256m vs 1.357m expected ...Middle East

Prior month 1.361mBuilding permits 1.M vs 1.428M expectedPrior permits 1.412M

US mortgage rates are at the lowest since April but the latest weekly mortgage demand numbers aren't showing any pickup. For all the excitement in the stock market, it's a brutal time in the housing market. Shares of Lennar have almost been cut in half since July, when they rallied on hopes for Fed rate cuts.

This article was written by Adam Button at www.forexlive.com.

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US May housing starts 1.256m vs 1.357m expected ...Middle East

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