US: Housing Starts decline 1.6% in September, Building Permits plunge 7.7%

Building Permits in US fell sharply in September.
US Dollar Index stays in the negative territory, holds above 93.50.

Eren Sengezer FXStreet

Housing Starts in the US declined by 1.6% on a monthly basis in September after rising by 1.2% in August, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Tuesday.

Further details of the publication revealed that Building Permits, which rose by 5.6% in August, plunged by 7.7% in the same period.

Market reaction

The US Dollar Index managed to recover modestly from daily lows after the data and was last seen losing 0.3% on a daily basis at 93.65.

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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