US Housing Starts decline 3.1% in October, Building Permits fall 0.6%

Housing Starts and Building Permits in the US declined further in October.
The US Dollar Index stays in daily range above 106.00.

Eren Sengezer FXStreet

Housing Starts in the US declined 3.1% in October to 1.311 million units, the monthly data published by the US Census Bureau revealed on Tuesday. This reading followed the 1.9% decrease (revised from -0.5%) recorded in September.

In the same period, Building Permits decreased 0.6% after falling 3.1% (revised from -2.9%) in September.

Market reaction

The US Dollar Index edged lower following these data and was last seen trading virtually unchanged on the day at around 106.20.

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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