US: Housing Starts Change arrives at +4.3% in May


  • US Housing Starts and Building Permits rebounded sharply in May. 
  • US Dollar Index stays in positive territory above 97.00 after data.

Housing Starts in the US increased by 4.3% on a monthly basis in May following April's sharp decline of 26.4% (revised from 30.2%), the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.

Further details of the publication revealed that Building Permits rose by 14.4% in the same period after falling 21.4% in April. 

"Privately-owned housing starts in May were at a seasonally adjusted annual rate of 974,000," the press release read. "Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,220,000."

Market reaction 

The US Dollar Index largely ignored this data and was last seen gaining 0.15% on the day at 97.18.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD wavers below 0.7300 ahead of Aussie Trade Balance

AUD/USD fades pullback from 0.7264 after marking another failure to cross 0.7340 on D1 closing. DXY rebounds from a 12-week low as US PMIs performed better than EU data in November. Australia’s preliminary Trade Balance for October, RBA’s Debelle can offer immediate direction.

AUD/USD News

Gold in bearish consolidation below $1840, remains vulnerable

Gold (XAU/USD) is nursing losses in Tuesday’s Asian trading, having slumped 2% on Monday to reach the lowest levels in four months at $1831. Vaccine progress, stronger US data hammer gold prices. Focus on vaccine updates and risk sentiment for fresh impetus.

Gold news

EUR/USD stabilises beneath 1.1850 as focus shifts to German IFO data, ECB and Fedspeak

EUR/USD is consolidating beneath 1.1850, having seen a decent bounce from post-strong US PMI data lows of 1.1801. Despite setting hitting both its highest and lowest levels in more than a week on Monday, EUR/USD is now back within last week’s range.

EUR/USD News

Bitcoin risks a correction to $12,000

Peter Brandt, author, and publisher of the Factor Report, has exited around 50% of his Bitcoin position. The veteran trader believes Bitcoin might be poised for a correction to $12,000 in the near future.

Read more

Black Friday 2020 Discounts!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info

Forex MAJORS

Cryptocurrencies

Signatures