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Market Impact: 0.28
U.S. Housing Starts Unexpectedly See Further Downside In August
Source: Nasdaq
Housing & Real EstateEconomic Data
U.S. new residential construction declined further in August, contrary to expectations, according to the Commerce Department. The weaker housing-starts data signals continued softness in residential real estate activity and could reinforce concerns about the sector's sensitivity to financing costs.
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mildly negative
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