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.