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- US: Housing Starts rise by 12.2% in August, Building Permits fall by 10%
US: Housing Starts rise by 12.2% in August, Building Permits fall by 10%
- Housing Starts in the US rose sharply in August.
- US Dollar Index holds in positive territory above 110.00.
The monthly data published by the US Census Bureau revealed on Tuesday that Housing Starts rose by 12.2% in August following July's10.9% contraction.
On a negative note, Building Permits declined by 10% in the same period.
"Single‐family authorizations in August were at a rate of 899,000; this is 3.5% below the revised July figure of 932,000," the publication read. "Authorizations of units in buildings with five units or more were at a rate of 571,000 in August."
Market reaction
The US Dollar Index preserves its bullish momentum and was last seen rising 0.48% on the day at 110.12.
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