Read more
12:32 PM · 17 July 2024

BREAKING: USD muted after US housing market data

-
-
Open account Download free app

US housing market data for June was released today at 1:30 pm BST. Report was expected to show building permits staying virtually unchanged compared to May, while housing starts were expected to increase slightly. 

Actual report turned out to be a positive surprise showing monthly increases of 3% and 3.4% in housing starts and buildings permits respectively. Improvement in housing market data may be to some extent driven by improved sentiment due to expectations of a cut in interest rates, which should support credit action.

In spite of solid beat in housing market data, USD has been rather muted in response to the release.

US, housing market data for June

  • Building permits (nominal): 1446k vs 1395k expected (1399k previously)
  • Building permits (change) +3.4% MoM vs +0.1% MoM expected (-2.8% MoM previously)
  • Housing starts (nominal): 1353k vs 1300k expected (1277k previously)
  • Housing starts (change): +3.0% MoM vs +1.8% MoM expected (-5.5% MoM previously)

EURUSD has barely experienced any move after release of better-than-expected US housing market data for June. Source: xStation5

6 February 2026, 7:36 AM

Economic calendar: Canadian labor market and Michigan Index (06.02.2026)

5 February 2026, 1:46 PM

🔵 ECB Press Conference (LIVE)

5 February 2026, 1:18 PM

BREAKING: ECB maintains rates in line with expectations!💶

5 February 2026, 12:02 PM

BREAKING: Bank of England holds rates as expected 📌 GBPUSD ticks down on dovish vote split 📉

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits