US Housing Starts Rise 3.9% In July, Building Permits Edge Up 0.1%

The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose 3.9% on a monthly basis in July, following the 11.7% decline, revised from -8%, recorded in June.

The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose 3.9% on a monthly basis in July, following the 11.7% decline (revised from -8%) recorded in June.

Freepik

This reading came in better than the market expectation for a growth of 2.7%.

In the same period, Building Permits, which fell 3ç7% in June, increased 0.1%.

 

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen fluctuating in its daily range above 103.00.


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