US Housting Starts rise 9.6% in August, Building Permits increase 4.9%

Housing Starts and Building Permits in the US rose sharply in August.
The US Dollar Index stays in negative territory below 101.00.

Eren Sengezer FXStreet

Housing Starts in the US rose 9.6% in August to 1.356 million units, the monthly data published by the US Census Bureau showed on Wednesday. This reading followed the 6.8% decline recorded in July.

In the same period, Building Permits increased 4.9% after falling 3.3% in July.

Market reaction

The US Dollar Index showed no reaction to these figures and was last seen staying in negative territory below 101.00.

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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