US Housing Starts rise 3.9% in July, Building Permits edge up 0.1%

• Housing Starts and Building Permits in the US rose in July.
• US Dollar Index stays in daily range above 103.00 after the data.

The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose 3.9% on a monthly basis in July, following the 11.7% decline (revised from -8%) recorded in June. This reading came in better than the market expectation for a growth of 2.7%.

In the same period, Building Permits, which fell 3.7% in June, increased 0.1%.

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen fluctuating in its daily range above 103.00.