US housing market data for September was released today at 1:30 pm BST. Data was expected to show significant increase in housing starts as well as a quite significant drop in building permits.
Actual report showed a smaller-than-expected increase in housing starts as well as small-than-expected drop in building permits. Nevertheless, US housing market data is considered second-tier report and rarely triggers big market reaction. This was also the case today with USD seeing a small downtick following the release.
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Open account Try demo Download mobile app Download mobile appUS, housing market data for September.
- Building permits: 1473k vs 1450k expected (1541k previously)
- Growth: -4.4% MoM vs -5.7% MoM expected (+6.8% MoM previously)
- Housing starts: 1358k vs 1380k expected (1283k previously)
- Growth: +7.0% MoM vs +7.8% MoM expected (-11.3 MoM previously)
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