Steady U.S. Housing Starts, GDP Highlight Cautious Economic Confidence

Government data released on July 18, 2025, show positive signs for the US housing market and a stable economic outlook.

Building permits for June rose slightly to 1.397 million, while housing starts increased by 4.6% to 1.321 million.

These figures suggest growing confidence among builders and developers, a key indicator for jobs and economic activity in related sectors like materials and lending.

Beyond housing, economic growth remains steady. The Atlanta Federal Reserve maintains its estimate of 2.4% annualized GDP growth for the second quarter, reflecting no sharp downturns.

Consumer sentiment holds near recent levels, with inflation expectations steady at 5% for the next year and 4% over five years. This reflects a public prepared for rising prices but without signs of accelerating inflation.

Energy production data shows stability, with 424 active oil rigs and 537 rigs total, indicating consistent activity in a vital sector of the economy.

Steady U.S. Housing Starts, GDP Highlight Cautious Economic Confidence

Meanwhile, commodity futures markets suggest cautious trading, as investors avoid big bets on gold, oil, or agricultural products, reflecting a general expectation of gradual change.

On the policy front, federal authorities introduced new rules easing hiring and dismissal of non-career federal employees, aiming for more agile government management.

The Health Department plans to share Medicaid recipient data with Homeland Security to verify program eligibility, potentially affecting millions.

Lawmakers continue discussions on regulating stablecoins and digital currencies, signaling upcoming changes to financial operations and compliance.

Together, these developments illustrate a US economy advancing with careful balance—housing gains and stable energy production provide tangible growth, while policy adjustments aim to improve government efficiency and oversight.