• 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.