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According to the data published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, housing starts in March declined by 0.3% and came below the market expectation for a growth of 6.5%. Nevertheless, the US Dollar Index didn’t show a reaction with the trading volume remaining thin amid the Easter holiday.

Key takeaways from the press release

Privately”owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,269,000.

This is 1.7 percent below the revised February rate of 1,291,000 and is 7.8 percent below the March 2018 rate of 1,377,000.

Privately”owned housing starts in March were at a seasonally adjusted annual rate of 1,139,000.

This is 0.3 percent below the revised February estimate of 1,142,000 and is 14.2 percent below the March 2018 rate of 1,327,000.