U.S. housing starts falling
The United States announced at 21:30 on June 20, 2024Number of housing startsResults for 1.36 million cases in the previous month1,277 millionIt was.
Market expectationsBut1.38 millionSo considering that it was more positive than 1.36 million cases in the previous month, this figure is weak.
This data is for 5 months.
There is a strong correlation with mortgage interest ratesUS 10-year bond yieldWhile it is on a downward trendNumber of housing startsIt is a contradiction that it is not growing.
The fact that there will be no increase in the number of people buying houses even if interest rates fall means that the US economyThe feeling of deflationIt can be said that it is swayed by
Considering that there is a high possibility that expectations for interest rate cuts will expand towards the end of the yearhousing marketI think it will follow suit and be booming.
In a phase where long-term interest rates are falling this timeNumber of housing startsThe fact that it didn't growStock depreciationIt's a factor.
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