US Housing Starts rise 4.6% in June, Building Permits up 0.2%

• Housing Starts and Building Permits in the US rose modestly in June.
• The US Dollar Index stays in negative territory below 98.50.

Housing Starts in the United States (US) rose by 4.6% in June to a seasonally adjusted annual rate of 1,321,000, the US Census Bureau reported on Friday. This reading followed the 9.7% decline reported in May.

In this period, Building Permits increased by 0.2% to 1,397,000.

Market reaction

These figures don’t seem to be having a significant impact on the US Dollar’s (USD) performance. At the time of press, the USD Index was down 0.35% on the day at 98.25.