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Market Commentary

Updated on June 16, 2017 10:12:07 AM EDT

Mays Housing Starts was posted at 8:30 AM ET this morning. The Commerce Department announced a 5.5% decline in new home groundbreakings when forecasts were calling for an increase in starts. This means the new home portion of the housing sector appears to be much weaker than many had thought. That is good news for bonds and mortgage rates. However, this report doesn’t carry a significant amount of importance, preventing a stronger reaction to the favorable news.
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Careers   |   Contact Us   |   Privacy Policy   |   Site Map

That's the spirit!