US Economy Housing Market Data

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With the federal reserve heading for a interest rate cut later this evening, what impact does this have over the latest US housing market data and economy outlook?.

US housing starts number data was released this afternoon which had seen a recent dip, our traders analysts suggest healthy figure of 1.6 million+ for US housing starts number. This figure of 1.6million represents from previous data over the past 40 years is one of the key indictors of a healthy US housing economy.

Since the pandemic and interest rates raising, the US housing market has declined, with the start of the federal reserve easing cycle and lowering interest rates will help the US housing market pickup, over the next 12-24 months.