U.S. Housing Starts Increase Slightly in May as Permits Slip

The video discusses the current state of the housing market, highlighting weaker-than-expected housing starts and building permits, and the impact of commodity prices on import costs. It explores how elevated lumber prices might affect housing demand and inflation, noting that housing price increases have not yet influenced the Consumer Price Index (CPI). The video also examines the potential effects of recent Chinese decisions on the copper market and the role of oil prices in driving import costs.

What was the annual rate of building permits compared to the expected rate?

How much did housing starts rise, and how does this compare to the forecast?

What are the implications of rising import prices on the economy?

Discuss the relationship between lumber prices and housing demand.

What factors are contributing to the current state of the copper market?