US: Housing Starts decline 0.5%, Building Permits plunge 11.2% in November

Housing Starts and Building Permits in the US continued to decline in November.
US Dollar Index stays in negative territory below 104.50.

Eren Sengezer FXStreet

The monthly data published by the US Census Bureau revealed on Tuesday that Housing Starts declined by 0.5% on a monthly basis in November following October's 2.1% contraction.

In the same period, Building Permits fell by 11.2%, compared to a 3.3% drop recorded in October.

Market reaction

These figures don't seem to be having a significant impact on the US Dollar's valuation against its major rivals. As of writing, the US Dollar Index was down 0.35% on the day at 104.30.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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