US Housing Starts rise 1.9% in October, Building Permits increase 1.1%

Housing Starts and Building Permits in the US increased in October.
US Dollar Index fluctuates in daily range above 104.00 after the data.

Eren Sengezer FXStreet

The monthly data published by the US Census Bureau revealed on Friday that Housing Starts rose 1.9% on a monthly basis in October, following the 3.1% increase (revised from 7%) recorded in September.

In the same period, Building Permits increased 1.1% after the 4.5% decrease in September.

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen fluctuating in its daily range slightly above 104.00.

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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