US Housting Starts rise 9.6% in August, Building Permits increase 4.9%

• Housing Starts and Building Permits in the US rose sharply in August.
• The US Dollar Index stays in negative territory below 101.00.

Housing Starts in the US rose 9.6% in August to 1.356 million units, the monthly data published by the US Census Bureau showed on Wednesday. This reading followed the 6.8% decline recorded in July. 

In the same period, Building Permits increased 4.9% after falling 3.3% in July.

Market reaction

The US Dollar Index showed no reaction to these figures and was last seen staying in negative territory below 101.00.