US: Housing Starts Rise 2.2% In April, Building Permits Decline 1.5%

The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose by 2.2% on a monthly basis in April following March 4.5% decline. This reading came in better than the market expectation for an increase of 1.9%.


In the same period, Building Permits fell 1.5%, compared to analysts' estimate for a 3% growth.


Market reaction

The US Dollar Index is preserving its bullish momentum amidst the release of this data and was last seen rising 0.4% on the day at 103.00.

More By This Author:

USD/CAD Refreshes Daily Low Amid An Uptick In Oil Prices, Stronger USD To Limit Losses
NZD/USD Sticks To Modest Intraday Gains, Remains Below 200 DMA Hurdle Near Mid-0.6200s
Silver Price Analysis: XAG/USD Slumps To Six-Week Lows Amidst Higher US T-Bond Yields

Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.