Wall Street Breakfast Home building activity takes hit in May
Jun 18, 2025
Home building activity plummeted unexpectedly last month, hitting its lowest point since 2020. Meanwhile, Netflix is dipping its toes into live TV through a partnership with France’s TF1. On the tech front, Chinese AI startup MiniMax is considering a Hong Kong IPO. Additionally, a recent survey reveals that trade wars remain the biggest worry for fund managers. Insights into these market trends highlight a mix of innovation and challenges in the current economy.
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Sharp Drop in Home Building
- Home building activity fell sharply in May, reaching the lowest point since 2020.
- Multifamily starts collapsed nearly 30%, suggesting a temporary dip that may reverse soon.
Homebuilder Confidence Collapse Signals Decline
- Homebuilder confidence has collapsed due to slow home sales and increasing inventory.
- This likely signals further declines in single-family construction ahead.
Netflix Ventures Into Live TV
- Netflix entered live TV through a partnership with France's TF1 network.
- French Netflix subscribers gain access to TF1 live channels with their existing subscriptions.