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20 Jul 2021

US: Housing Starts rise by 6.3% in June, Building Permits decline by 5.1%

Housing Starts in the US continued to rise in June.
US Dollar Index stays in the positive territory above 93.00.

Housing Starts in the US rose by 6.3% on a monthly basis in June after increasing by 2.1% in May, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.

Further details of the publication revealed that Building Permits, which declined by 2.9% in May, was down 5.1% in June.

Market reaction

The greenback continues to outperform its rivals after this data. As of writing, the US Dollar Index was up 0.25% on the day at 93.05.

Jul 20, 2021

United States Building Permits Change declined to -5.1% in June from previous -3%

US: Philly Fed Nonmanufacturing Index declines to 53.1 in July from 59.6 in June

The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Outlook Survey edged lower to 53