Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

U.S. building permits rise 14.3% in April; housing starts fall 16.5%

Published 05/16/2013, 08:37 AM
Updated 05/16/2013, 08:37 AM

Investing.com - The number of building permits issues in the U.S. increased more-than-expected to hit the highest level in five years in April, official data showed Thursday.

The report also showed that housing starts fell significantly, painting a mixed picture of the U.S. housing sector.

In a report, the U.S. Census Bureau that the number of building permits issued in April rose 14.3% to a seasonally adjusted 1.017 million, above expectations for a 3.8% increase to 0.973 million units.

Building permits issued in March totaled 0.890 million units.

The report also showed that U.S. housing starts fell by 16.5% last month to a seasonally adjusted 0.853 million, compared to expectations for a decline of 6.4% to 0.973 million.

Housing starts for March were revised down to 1.021 million units from a previously reported 1.036 million units.

Following the release of the data, the U.S. dollar turned lower against the euro, with EUR/USD jumping 0.21% to trade at 1.2915.

Meanwhile, U.S. stock future indices erased modest gains to turn mixed. The Dow Jones Industrial Average futures fell 0.1%, S&P 500 futures pointed to a loss of 0.2%, while the Nasdaq 100 futures pointed to an increase of 0.1% at the open.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.