US housing starts slump in January, miss forecasts
Ferguson
16,925.00p
14:19 23/04/24
0.53%
90.00p
Homebuilders in the US broke ground on fewer homes than expected in January.
FTSE 100
8,035.04
14:20 23/04/24
n/a
n/a
FTSE 350
4,416.48
14:20 23/04/24
n/a
n/a
FTSE All-Share
4,370.90
14:20 23/04/24
n/a
n/a
Support Services
10,621.56
14:20 23/04/24
0.36%
37.90
According to the Department of Commerce, in seasonally adjusted terms, the annualised rate of housing starts fell at a month -on-month pace of 6.0% to reach 1.58m (consensus: 1.65m).
Last month's drop also drove starts 2.3% below their year earlier level.
-- More to follow --