Leading Indicator Watch | July 21, 2023

AUTHOR: Kerry Hilsabeck, CFP®
TITLE:     Investment Adviser Rep
TAGS:   Jobs, Retail Sales, Housing, Yield Curve, S&P 500

The real estate market continues to ebb and flow with new data this week. Housing Starts (MoM)(Jun) surprised, dropping by -8% compared to forecasts of 7.2% but finished with the 2nd highest increase (MoM) for 2023 with 1.434M new starts. 

Be sure to check out more of last week’s leading indicators here and stay tuned for Market Thoughts.

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