Flash: Housing starts to rise 925K annual rate in June - RBS

FXstreet.com (San Francisco) - The US Census Bureau is expected to publish the housing starts and building permits June reports and the market is expecting that following a peak of 1M starts in March and consequently consolidation between 856K and 914K, the activity continues improving.

The RBS analyst team expects "groundbreaking activity to have ticked up further in June, perhaps to an annualized level of 925,000 units."

In June, the bank continues in a recent report, "we expect groundbreaking activity to have gained further momentum as fundamentals in the housing market continue to be healthy."