- US: Housing Starts fall 8% in June, Building Permits fall 3.7%
Market news
19 July 2023
US: Housing Starts fall 8% in June, Building Permits fall 3.7%
- Housing Starts and Building Permits declined sharply in June.
- US Dollar Index stays in positive territory above 100.00.
The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts declined 8% on a monthly basis in June, following the 15.7% increase (revised from +21.7%) recorded in May. This reading came in much worse than the market expectation for a growth of 7.2%.
In the same period, Building Permits fell 3.7%, down sharply from May's 5.6% increase.
Market reaction
The US Dollar Index showed no immediate reaction to these figures and was last seen rising 0.3% on the day at 100.22.
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