US: Focus on housing starts and permits data for June - TDS

Research Team at TDS, suggests that the US housing starts and permits data for June is the lone event on the calendar.

Key Quotes

“TD looks for the monthly pace of housing starts to decline to 1132k units due to a pullback in the volatile multi-unit segment. Permits should be equally disappointing and are forecast to fall from 1138k to 1118k in June. The market is considerably more upbeat and looks for housing starts to remain roughly unchanged at 1166k while permit issuance jumps to 1150k.”