US: Housing Starts declined by 30.2% in April

Housing Starts and Building Permits fell sharply in April.
US Dollar Index stays in negative territory below 99.50 after data.

Eren Sengezer FXStreet

Housing Starts in the United States plunged by 30.2% on a monthly basis in April following March's decrease of 18.6%, the data published by the US Census Bureau showed on Tuesday.

Further details of the publication revealed that Building Permits declined by 20.8% in the same period.

Market reaction

The US Dollar Index largely ignored these figures and was last seen losing 0.17% on a daily basis at 99.45.

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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