Home Forex Housing starts fell by 1.4% in December, building permits fell by 1.6%.

Housing starts fell by 1.4% in December, building permits fell by 1.6%.

by SuperiorInvest
  • US housing starts and building permits fell in December.
  • The US dollar index remains defensive around 102.00.

Monthly data released Thursday by the U.S. Census Bureau showed Housing Starts fell 1.4% on a monthly basis in December, following a 1.8% drop in November.

Building permits fell 1.6% over the same period, compared to a 10.6% decline in November.

Market reaction

The data did little to impress US dollar bulls amid growing consensus that the Fed will ease its hawkish stance and growing bets on a smaller rate hike of 25 basis points in February.

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