US: Housing Starts rise by 6.3% in June, Building Permits decline by 5.1%

Housing Starts in the US continued to rise in June.
US Dollar Index stays in the positive territory above 93.00.

Eren Sengezer FXStreet

Housing Starts in the US rose by 6.3% on a monthly basis in June after increasing by 2.1% in May, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.

Further details of the publication revealed that Building Permits, which declined by 2.9% in May, was down 5.1% in June.

Market reaction

The greenback continues to outperform its rivals after this data. As of writing, the US Dollar Index was up 0.25% on the day at 93.05.

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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