US housing market data for May was released today at 1:30 pm BST and it turned out to be a huge positive surprise. Building permits increased 5.2% MoM and reached 1491k - the highest level since February 2023. Meanwhile, housing starts rallied 21.7% MoM to 1631k - the highest level in over a year.
USD ticked higher following the release with EURUSD dropping around 0.1%. US index futures traded mostly flat following housing market data report. Gold dropped amid USD strengthening/
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appUS housing market data for May
- Building permits: 1491k vs 1425k expected (1417k previously)
- Building permits (%): +5.2% MoM vs +0.6% MoM expected (-1.4% MoM previously)
- Housing starts: 1631k vs 1400k expected (1401k previously)
- Housing starts (%): +21.7% MoM vs -0.1% MoM expected (+2.2% MoM previously)
US housing starts and building permits surged in May. Source: Macrobond, XTB
EURUSD moved lower following US housing market data print. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
