The monthly data published by the US Census Bureau revealed on Tuesday that Housing Starts tumbled 11.3% on a monthly basis in August, following a 2%
increase recorded in July, to a seasonally adjusted annual rate of 1,283 million. This reading came in worse than the market expectation for a decline to 1,44 million.
In the same period, Building Permits, which rose 0.1% in July, increased 6.9%., to a seasonally adjusted annual rate of 1,543,000; surpassing the 1,445,000 of market consensus. The US Dollar Index showed no immediate reaction to these figures and was last seen fluctuating near daily lows under 105.00.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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