US Housing Starts decline 1.8 in November, Building Permits rise 6.1%

• Building Permits in the US rose sharply in November.
• The US Dollar Index stays near 107.00 after the data.

Housing Starts in the US declined 1.8% in November to 1.289 million units, the monthly data published by the US Census Bureau revealed on Wednesday. This reading followed the 3.2% decrease (revised from -3.1%) recorded in October. 

In the same period, Building Permits increased 6.1% after falling 0.4% (revised from -0.6%) in October.

Market reaction

The US Dollar Index showed no reaction to these data and was last seen moving sideways at around 107.00.