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Update: Housing starts surged to 760K in June.That’s well ahead of expectations of 745K.
And the previous month was revised higher to 711K.
There’s less and less question that housing his hot.
Yesterday the NAHB had
ORIGINAL POST: The big datapoint of the day: June housing starts.
Analysts expect 745K annualized starts, up from 708K in the previous month.
That equates to a 5.2% gain.
We’ll have the number here LIVE at 8:30 AM ET.