- Home starts fell 1.4% in December to 1.32 million.
- Construction permits fell 1.6% in December to 1.33 million.
- The dollar rises after the report, and supported by data from the Philly Fed and requests for unemployment benefits.
The housing starts they fell 1.4% in December to 1,382,000, better than the 1,358,000 (annual rate) of the market consensus. In turn, the building permits they fell 1.6% to 1,330,000, below the 1,370,000 expected.
In 2022, it is estimated that 1,392,300 housing units were completed, which represents an increase of 3.8% compared to the 1,341,000 in 2021.
market reaction
Jobless claims numbers and the Philly Fed were also released. Following the data, which was mostly better than expected, the dollar gained momentum, rising modestly across the market.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
