Daily Three: IMF Expects Slower Economic Growth In The Near Term, Builder Confidence Holds Steady and Housing Starts Rise Slightly
- The IMF downgraded global economic growth on Tuesday of this week, lowering forecast figures by 0.1% for 2016 and 2017. The Wall Street Journal
- The NAHB housing market index fell slightly for the month of July to 59 from 60 staying within a narrow positive band during this long recovery. Bloomberg
- Housing starts for June were 1.19 million marking a slow rise between 2nd quarter 2016 and 1st quarter 2016 while building permits for the same period remain constant. MarketWatch