US Housing Starts and Building Permits rose sharply in July. US Dollar Index remains depressed near 92.30 after the data. Housing Starts in the US surged by 22.6% on a monthly basis in July following June’s increase of 17.5% (revised from +17.3%), the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Tuesday. Further details of the publication revealed that Building Permits rose by 18.8% in the same period after advancing by 3.5% (revised from 2.1%) in June. “Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,496,000,” the publication read. Market reaction The US Dollar Index stays under pressure after these data it was last seen losing 0.55% on a daily basis at 92.31. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price News and Forecast: Gold to surge toward $2300 amid geopolicital tensions – UBS FX Street 2 years US Housing Starts and Building Permits rose sharply in July. US Dollar Index remains depressed near 92.30 after the data. Housing Starts in the US surged by 22.6% on a monthly basis in July following June's increase of 17.5% (revised from +17.3%), the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Tuesday. Further details of the publication revealed that Building Permits rose by 18.8% in the same period after advancing by 3.5% (revised from 2.1%) in June. "Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,496,000,"… Regulated 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.
