US: Strong housing data – Nomura

Analysts at Nomura note that the US housing starts rose more than our and market expectations, but with mixed details. Key Quotes “Housing starts were up 5.0% m-o-m in May to 1350k saar, above expectations (Nomura: +3.0% to 1325k, Consensus: +1.9% to 1312k), from a downwardly-revised 1286k in April.” “A 7.5% m-o-m increase in multifamily […]

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