US Housing Starts Unexpectedly Fall 📉
Housing starts in the US unexpectedly declined in November 2024, driven by a plunge in multi-unit construction that offset gains in single-family homes.
The decline in US housing starts, particularly in the multi-unit segment, suggests a potential slowdown in the real estate market. This could have a moderate negative impact on the portfolio, as it includes exposure to the S&P 500, European markets, and some individual real estate-related stocks like Walmart and BNP Paribas.
US Housing Starts Unexpectedly Fall For 3rd Month 📉
Housing starts in the US unexpectedly declined 1.8% in November 2024, driven by a plunge in multi-unit construction that offset gains in single-family homes.
The decline in housing starts, particularly in the multi-unit segment, suggests a slowdown in the real estate market. This could have a moderate negative impact on the portfolio, as it includes exposure to the S&P 500, European markets, and some individual real estate-related stocks like Walmart and Meta.
Canada Housing Starts Increase More Than Expected 📈
Housing starts in Canada rose significantly in November 2024, driven by a strong increase in multi-unit urban starts, indicating a recovery in the housing market, particularly in Montréal, while Vancouver and Toronto remain below 2023's high levels.
The article suggests a positive outlook for the Canadian housing market, with a significant increase in housing starts in November 2024, particularly in the multi-unit urban segment. This could have a moderate positive impact on the investment portfolio, as it may indicate a recovery in the broader Canadian economy and potentially benefit some of the Canadian market exposures in the portfolio, such as the S&P 500, European market, and CAC 40. However, the regional differences in performance, with Montréal recovering while Vancouver and Toronto remain below 2023 levels, suggest that the impact may not be uniform across all the portfolio's positions.