Housing Starts and Building Permits were better than expected in the US. The real estate market, that began the crisis with the subprime crisis, might start to stabilize, giving new hope for the greenback. Building Permits rose by 3% to 547K (annually adjusted). This was the first good surprise. Expectations were for 500K. And the bigger surprise came from the Housing Starts: they rose to 583K, much more than 480K that was expected. This leap of 22% in Housing Starts is the first rise in 8 months. Housing Starts returned to the same level as in November 2008. Most of the jump was in residential housing. The subprime crisis began in the summer of 2007, and focused on the real estate market. It then continued into the financial sector, and now it affects all sectors. These releases didn’t move the market. They were released together with the PPI figures, that were slightly disappointing. So there was no near term effect. This surprising rise in the real estate market could be a one time jump, that will be followed with downfalls. But it also may well be the start of a revival, or at least stabilization. Â Is this the beginning of a change? Or just a bump on the downhill road? Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Forex Daily Outlook – March 18th 2009 Yohay Elam 13 years Housing Starts and Building Permits were better than expected in the US. The real estate market, that began the crisis with the subprime crisis, might start to stabilize, giving new hope for the greenback. Building Permits rose by 3% to 547K (annually adjusted). This was the first good surprise. Expectations were for 500K. And the bigger surprise came from the Housing Starts: they rose to 583K, much more than 480K that was expected. This leap of 22% in Housing Starts is the first rise in 8 months. Housing Starts returned to the same level as in November 2008. Most of… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
