US: Housing Starts rise by 3.9% in August, Building Permits increase by 6%

Housing Starts in US rose decisively following July's contraction.
US Dollar Index continues to move sideways above 93.00.

Eren Sengezer FXStreet

Housing Starts in the US rose by 3.9% on a monthly basis in August after declining by 7% in July, 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 was up 2.3% in July, increased by 6% in August.

Market reaction

These figures don't seem to be having a significant impact on the USD's performance against its rivals. As of writing, the US Dollar Index was down 0.11% on the day at 93.12.

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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