US April housing begins 1.361m vs 1.365m anticipated

• Prior month 1.324M
• Building permits 1.412M vs 1.450M expected
• Prior permits 1.467M

Yesterday’s NAHB home builder sentiment reading matched the worst since 2022 and this week, US 30-year yields hit 5%.

I don’t see how the housing market provides any strength this year to the economy but that sector may be near a bottom.

This article was written by Adam Button at www.forexlive.com.