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US: Pace of residential construction expected to slow - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Research Team at TDS, suggests that the pace of US residential construction is expected to slow in March as TD looks for housing starts to decline to by 2.6% m/m to 1147k units.

    Key Quotes

    “This forecast presents a downside risk to the market consensus of 1168k, and reflects a giveback from the previous month’s 5.2% monthly advance as well as souring homebuilder sentiment. Permit activity is expected to decrease by 0.6% m/m (market: +2.0% m/m).

    CAD: Bank of Canada Governor Poloz and Senior Deputy Governor Wilkins are due to testify before the House of Commons Finance Committee.”
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