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.