US March Housing Starts Rise to 1319K, Building Permits Climb to 1354K

The United States Commerce Department housing starts and building permits for the month of March report witness an increase in housing starts to 1319k, up by 1.9% m/m, versus the revised 1295k reading seen in February (previous 1236k), well above market expectations for a 1267k result.

Further, building permits also climbed higher to 1354k in March, rising by 2.5% m/m, as compared to the revised 1321k reading that occurred in February (previous 1298k), also above market expectations for a 1321k result. 


Source: Trade Captain

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