HD Permit numbers came in pretty much as expected. Starts came in better than expected. Price action will most likely follow the permits as they are forward looking.
I expect there could be a small pull back yet or consolidation period before climbing back up.
These numbers look good though going against
-%0.2 construction spending 3-3-25. If we get a positive report on construction spending on 4-1-25 we could recaputre some of the recent lost ground.
Overall thoughts for now is consolidation 340-360
Good april numbers we break higher, bad we look for 325 and below
