US August housing starts 1.307M vs 1.365M expected ...Middle East

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US August housing starts 1.307M vs 1.365M expected
Prior starts 1.428MStarts change -8.5% vs +5.2% priorUS August building permits 1.312M vs 1.37M expectedPermits change -3.7% vs -2.2% prior

This is a poor reading and it is near the bottom of the post-covid range. Rate cuts will start to stimulate US housing so long as 30-year yields come down. If the Fed gets too dovish, we could see curve steepening and in that case then current 6.5% rates are as good as we're going to get.

This article was written by Adam Button at investinglive.com.

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