The report on the start of housing and construction permits showed figures above expectations, registering an increase against the market consensus, which was due to a decrease.
The housing starts in December reached 1,669 million, higher than the expected reading of 1.56 million and higher than the 1.57 million of the previous month. This represented a rise in December of 5.8%. Compared to a year ago, the increase is 27%.
The construction permits climbed 4.5% in December, they reached 1,709 million, higher than the 1,635 million in November and the 1,604 of the market consensus.
Along with this data, there was a drop in unemployment benefit requests and a higher-than-expected rise in the Philly Fed. The dollar appreciated modestly after the data, but then resumed the downward trend.
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