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BREAKING: US housing market report lower than expected 📌

1:35 PM 16 April 2024

01:30 PM BST, United States - Building Permits for March:

  • actual 1.458M; forecast 1.514M; previous 1.523M;
  • actual -4.3% MoM; previous 2.3% MoM;

01:30 PM BST, United States - Housing Starts for March:

  • actual 1.321M; forecast 1.480M; previous 1.549M;:
  • actual -14.7% MoM; previous 12.7% MoM;

 

Worse data than expected surprises the market. After the publication, the dollar index (USDIDX) wiping out the highs from the first part of the day. 

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