US Oct housing sector data now out 17 Nov
- 1135k prev up from 1127k
- mm 13.7% v 5.6% exp vs -3.2% prev up from -4.7%
- Building permits 1297k v 1250k exp vs 1225k prev
- mm 5.9% vs 2.0% exp vs -4.5% prev
- housing completions 1232k
Strong data but USD largely unfazed.
Housing Starts measures the change in the number of new constructions underway. Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve.
Full report here
USDJPY 112.62 GBPUSD 1.3192 EURUSD 1.1788 AUDUSD 0.7543
Also USDCAD 1.2762 as CPI comes in on expectations but some large expiry interest potentially in play between 1.2800-10
Definitely out of here now. Have a good session and w-e everyone.
