U.S. housing starts, building permits surge to 4-year highs
Investing.com
Published Oct 17, 2012 08:35AM ET
In a report, the U.S. Census Bureau that U.S. housing starts rose by 15% in September to a seasonally adjusted 0.872 million, blowing past expectations for a 2.7% increase to 0.770 million.
Housing starts for August were revised up to 0.758 million units from a previously reported 0.750 million units.
The report also showed that the number of building permits issued in September rose 11.6% to a seasonally adjusted 0.894 million, compared to expectations for a 1.1% gain to 0.810 million.
Building permits issued in August totaled 0.801 million units.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD rising 0.56% to trade at 1.3127.
Meanwhile, U.S. stock index futures remained mixed. The Dow Jones Industrial Average futures pointed to a gain of 0.1% at the open, S&P 500 futures indicated a rise of 0.3%, while the Nasdaq 100 futures signaled a decline of 0.1%.
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Written By: Investing.com
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