US: Housing starts decline 0.3% in March vs +6.5% expected


According to the data published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, housing starts in March declined by 0.3% and came below the market expectation for a growth of 6.5%. Nevertheless, the US Dollar Index didn't show a reaction with the trading volume remaining thin amid the Easter holiday.

Key takeaways from the press release

Privately‐owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,269,000.

This is 1.7 percent below the revised February rate of 1,291,000 and is 7.8 percent below the March 2018 rate of 1,377,000.

Privately‐owned housing starts in March were at a seasonally adjusted annual rate of 1,139,000.

This is 0.3 percent below the revised February estimate of 1,142,000 and is 14.2 percent below the March 2018 rate of 1,327,000.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD pulls away from two-week highs, steadies near mid-1.10s

EUR/USD lost its momentum before testing 1.11 as surging US Treasury bond yields and upbeat macroeconomic data from the US helped USD gather strength.

EUR/USD News

GBP/USD fails to hold above 1.29 on broad USD recovery

GBP/USD erased more than 70 pips in American trading hours and turned red below 1.2900 pressured by the broad-based USD strength that saw the US Dollar Index rebound to 98.

GBP/USD News

USD/JPY edges higher toward 108.70 as 10-year T-bond yield extends rally

The USD/JPY pair rose modestly in the last hour boosted by the improving market sentiment and was last seen trading at 108.65, adding 0.05% on a daily basis.

USD/JPY News

Gold: Remains vulnerable below 100-day SMA

Gold seems to have stalled its recent corrective bounce from three-month lows and witnessed a modest pullback from previous support, now turned resistance near 100-day SMA.

Gold News

Slow-motion Bitcoin battering continues amid interesting Tron chart, Pomp's PayPal comment

Bitcoin plunges below $8,00, dragging cryptos down. Thursday's trading is marked by a sea of red, without a single downward driver, but with an accumulation of downbeat developments. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures