US: Housing starts and building permits in focus - TDS

Analysts at TDS suggest ha housing starts and building permits for June are the lone economic releases from the US and the market expects a rebound in both indicators.

Key Quotes

“Housing starts are expected to rise by 6.2% m/m to an annualized 1160k after construction slowed by 5.5% in May. The market expects a more modest rebound in building permits, with the consensus calling for a 2.8% rise.”