US: Housing data in the limelight - TDS

Analysts at TD Securities suggest that the US housing starts are expected to advance mildly in May, rising 0.4% m/m to 1,240k.

Key Quotes

“This would mark the third consecutive monthly increase for the series and its highest level since January. Similarly, building permits should have picked up modestly (+0.2% m/m) to 1,293k during the month.”