US housing market data for April was released today at 1:30 pm BST. Report was expected to show small month-over-month increase in building permits as well as quite a big jump in housing starts, following declines in March.
Actual report turned out to be a disappointment, with housing starts growing less than expected and building permits unexpectedly dropping. However, market reaction was rather muted. EURUSD moved higher in a knee-jerk move but has quickly erased this jump and is now trading a touch lower compared to pre-release levels. US index futures are also trading lower.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوالUS, housing market data for April
- Building permits (nominal): 1440k vs 1480k expected (1467k previously)
- Building permits (growth): -3.0% MoM vs 0.9% MoM expected (-3.7% MoM previously)
- Housing starts (nominal): 1360k vs 1420k expected (1321k previously)
- Housing starts (growth): 5.7% MoM vs 7.6% MoM expected (-14.7% MoM previously)
Source: xStation5
