Expected declines in the housing sector of the United States did not materialize this week. Many economists had expected housing reports to show a bit of a dip this quarter in home sales and building permits, but so far the data has held steady.
Today’s release of Building Permits gave capital investors reason to feel secure as the figure was slightly better than many were anticipating. The Housing Starts gauge, however, did fall mildly below its expected mark, but not sufficiently enough to warrant concern.
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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
