Housing Starts Surge 5.2% in July, Builders Anticipate Lower Mortgage RatesView all comments (0)0It appears that many home builders may be anticipating lower mortgage rates in the upcoming months. The Commerce Department announced on Tuesday that housing starts surged 5.2% in July to a 1.428 million pace compared to a revised 1.358 million annual pace in June. In the past 12 months, new housing starts have risen 12.9%. Building permits actually declined to a 1.354 million annual pace in July, down from a revised 1.393 million annual pace in June. Overall, this was good news for the housing industry.The leaders of France, Germany, Italy, Britain, Finland, the European Union and NATO were all at the White House on Monday to show support for Ukrainian President Volodymyr Zelensky. Interestingly, Zelensky was very complimentary of President Trump, confirmed that he wanted to end the war, and even wore a new suit that President Trump complimented him on.The White House meeting could not have gone better, and President Trump seemed very pleased that progress was being made. The NATO allies agreed to provide Ukraine with security guarantees, so Zelensky can proceed to schedule a meeting with Vladimir Putin to discuss ending the war between Ukraine and Russia.The Kansas City Fed Conference in Jackson Hole will be big news this week. Much of the rest of the world is in a recession, so it will be interesting if we get some insight into future key interest rate cuts from central bankers.Fed Chairman Jerome Powell is scheduled to speak on Friday, August 22nd, so it will be interesting if he signals an impending key interest rate cut. Since Powell is a lame duck, he will be less influential than in past years.Housing Starts Surge 5.2% in July, Builders Anticipate Lower Mortgage RatesView all comments (0)0Latest commentsInstall Our AppScan QR code to install appRisk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.© 2007-2025 - Fusion Media Limited. All Rights Reserved.