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- US: Housing starts rose by 11.8% in November, Building Permits rose by 3.6%
US: Housing starts rose by 11.8% in November, Building Permits rose by 3.6%
- Housing Starts jumped 11.8% in November, taking the 12-month rolling number to 1.679M, above expected.
- FX markets did not react, as with central banks currently in focus.
Housing Starts in the US rose by 11.8% on a monthly basis in November after falling at a 3.1% rate in October, data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Thursday. That lifted the 12-month rolling number of Housing Starts to 1.679M in November, up from 1.502M in October and above expectations for a 1.568M reading.
Further details of the publication revealed that Building Permits, which rose by 4.2% in October, rose by 3.6% in November. That lifted the 12-month rolling number of Building Permits to 1.712M, up from 1.653M in October and above expectations for a rise to 1.663M.
Market Reaction
US data went under the radar on Thursday with central banks stealing the limelight.
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