Source: US Census Bureau Housing starts in the United States declined in April, in line with the decline in building permits issued during the month. XHB is down 2.63%, while ITB is down 2.67%. Housing starts for the month stood at 1.724 million, 0.2% lower than the 1.728 million recorded in March but 14.6% higher than the 1.505 million in April 2021.The latest reading is … [Read more...] about US Housing Starts Fall for Second Straight Month
Forex News
US Mortgage Applications Fall 12% as Interest Rates Increase
Source: CNBC Mortgage applications in the United States declined by double digits in the past week amid higher interest rates, data from the Mortgage Bankers Association indicated. XHB is down 3.28%, while ITB is down 3.18%. Applications to purchase a home slipped by 12% from the past week and by 15% versus the same week the previous year.The latest decline reflects the … [Read more...] about US Mortgage Applications Fall 12% as Interest Rates Increase
UK House Price Growth Slows to 9.0% in March
Source: Office for National Statistics House prices in the United Kingdom continued to post an annual increase in March, albeit at a slower pace, the latest data released by the HM land Registry showed. IUKP is up 0.49%, while EWU is down 1.11% premarket. Average house prices recorded a 9.8% growth in March, reflecting a slower growth from the 11.3% recorded in the … [Read more...] about UK House Price Growth Slows to 9.0% in March
UK Inflation Hits 40-Year High of 9.0% in April
Source: Office for National Statistics Inflation in the United Kingdom soared to a 40-year high of 9.0% in April, as prices of energy products continued to soar during the month. EWU is down 0.86%, while VGK is down 1.10% premarket. Consumer prices surged by 9.0% in April, faster than the 7.0% in March and 1.5% in the same month last year.The latest reading is the fastest … [Read more...] about UK Inflation Hits 40-Year High of 9.0% in April
Euro Area Inflation Holds Steady at 7.4%, Rises in the EU
Source: Eurostat The annual inflation rate held at 7.4% in the euro area in April 2022, holding steady at the March levels but higher than 1.6% in the prior year. EURUSD is down -0.21% on premarket, DAX is up +0.063%. In the EU, annual inflation was at 8.1% in April, accelerating from 7.8% in March and higher than 2.0% in the prior year.Inflation rose the highest in the … [Read more...] about Euro Area Inflation Holds Steady at 7.4%, Rises in the EU
