US: HOUSING STARTS JUMP 21.7% IN MAY, BUILDING PERMITS RISE 5.2%... dari ia7145

20 Jun 2023, 23:27 · Views 39

Housing Starts in the US rose sharply in May.
US Dollar Index gained traction and rose above 102.50.

The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose 21.7% on a monthly basis in May following the 2.9% decline (revised from 2.2%) recorded in April. This reading surpassed the market expectation for a decline of 0.8% by a wide margin.

In the same period, Building Permits rose 5.2%, compared to analysts' estimate for a 5% contraction.

Market reaction

The US Dollar Index gained traction with the immediate reaction to these data and was last seen posting small daily gains at 102.55

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