US Housing Starts decline 3.1% in October, Building Permits fall 0.6%

• Housing Starts and Building Permits in the US declined further in October.
• The US Dollar Index stays in daily range above 106.00.

Housing Starts in the US declined 3.1% in October to 1.311 million units, the monthly data published by the US Census Bureau revealed on Tuesday. This reading followed the 1.9% decrease (revised from -0.5%) recorded in September. 

In the same period, Building Permits decreased 0.6% after falling 3.1% (revised from -2.9%) in September.

Market reaction

The US Dollar Index edged lower following these data and was last seen trading virtually unchanged on the day at around 106.20.