Housing Market Data - July housing starts significantly stronger at 1428000, a jump from the previous month's 1321000 [2] - July housing starts mark the second strongest pace of the year, reaching levels last seen in February [3] - July permits are slightly light at 1354000, following 1393000 the previous month [3] - Single-family inventory levels are relatively high, potentially leading to a shift towards multifamily construction [4] Interest Rates and Market Outlook - Mortgage rates briefly moved down into the 660s, considered high compared to the last 10 years [5] - The 10-year Treasury yield is hovering around 432, down one basis point from the previous day's close [5] - The 2-year Treasury yield is around 375, down a couple of basis points [6] - Market anticipates potential rate cut at the September meeting, but the Fed may not want to disappoint the market [6]

Canada’s housing starts jumped to the highest level in nearly three years as construction on apartments, townhouses and condominiums in the country’s largest and easternmost provinces continued to rise https://t.co/WGOTltw3mn ...

Jobless claims and housing uh starts data going to hit the wires right now in about two seconds. Rick Santelli standing by at this in CM in Chicago. Hey Rick.Hi. Good morning Joe. Yes.Housing starts for the month of May expected 1,350,000 seasonally adjusted annualized units. Comes in light, extremely light. 1,256,000.That is definitely well below what we are expecting. And that would be the lightest going back well quite a ways. We're going back to wow 1256. We're going all the way back to May of 2020. May ...