US Housing Starts rise 7% in September, Building Permits decline 4.4%

Market news

18 October 2023

US Housing Starts rise 7% in September, Building Permits decline 4.4%

Housing Starts rose in September but Building Permits declined.
US Dollar Index fluctuates in daily range above 106.00 after the data.

The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose 7% on a monthly basis in September, following the 12.5% decline recorded in August.

In the same period, Building Permits fell 4.4% after the 6.8% increase in August.

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen fluctuating in its daily range above 106.00.

USD/CAD: More choppy range trade in the short run looks likely – Scotiabank

United States Building Permits Change declined to -4.4% in September from previous 6.9%

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