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