US Building Permits MoM Prel (Jun) M/M -3.0% (Prev. -0.9%)

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U.S. building permits for June fell by 3.0% month-over-month, a steeper decline compared to the previous -0.9%. This suggests a slowdown in housing supply momentum and indicates that high interest rates continue to weigh on the construction sector. Investors should remain cautious regarding cyclical stocks as further deterioration in housing indicators is possible.

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