July 17 Macro data interpretation: US June new housing data!
Annualized total number of new housing starts in the United States in June (10,000 households), previous value 131.4 (127.7 before correction) expected 130 announced value 135.3
Total number of building permits in the United States in June (10,000 households) previous value 139.9 (138.6 before correction) expected 139.5, announced 144.6
The data shows the active situation of US real estate in June, and will also have a certain impact on the rental market in the future.
The current data shows that the construction of new houses started in June is higher than expected and the previous value, and the construction permit data in June is higher than expected and the previous value. The real estate market has gradually become active in June, because the increase in construction permits and building permits indicates an increase in market demand. Only when there is demand will the construction and permit applications increase, which means that the US real estate is gradually active. At the same time, this also represents an increase in economic activity.
At the same time, when more people in the market are willing to buy houses, this will bring a certain relief to the supply and demand pressure in the rental market in the short term. It will also bring a certain environment for inflationary pressure. And the data is consistent with the downward trend of rental prices provided by the US Department of Commerce yesterday.
