Investing.com - The number of building permits issues in the U.S. fell more-than-expected in May, while housing starts increased less-than-expected, official data showed Tuesday.
In a report, the U.S. Census Bureau that the number of building permits issued in May fell 3.1% to a seasonally adjusted 0.974 million, worse than expectations for a decline of 2.8% to 0.975 million units.
Building permits issued in April totaled 1.005 million units.
The report also showed that U.S. housing starts rose by 6.8% last month to hit a seasonally adjusted 0.914 million, below expectations for an increase of 11.4% to 0.950 million.
Housing starts for April were revised up to 0.856 million units from a previously reported 0.853 million units.
Following the release of the data, the U.S. dollar added to losses against the euro, with EUR/USD rising 0.18% to trade at 1.3389.
Meanwhile, U.S. stock future indices held on to modest gains. The Dow Jones Industrial Average futures eased up 0.2%, S&P 500 futures pointed to a gain of 0.2%, while the Nasdaq 100 futures pointed to an increase of 0.2% at the open.
In a report, the U.S. Census Bureau that the number of building permits issued in May fell 3.1% to a seasonally adjusted 0.974 million, worse than expectations for a decline of 2.8% to 0.975 million units.
Building permits issued in April totaled 1.005 million units.
The report also showed that U.S. housing starts rose by 6.8% last month to hit a seasonally adjusted 0.914 million, below expectations for an increase of 11.4% to 0.950 million.
Housing starts for April were revised up to 0.856 million units from a previously reported 0.853 million units.
Following the release of the data, the U.S. dollar added to losses against the euro, with EUR/USD rising 0.18% to trade at 1.3389.
Meanwhile, U.S. stock future indices held on to modest gains. The Dow Jones Industrial Average futures eased up 0.2%, S&P 500 futures pointed to a gain of 0.2%, while the Nasdaq 100 futures pointed to an increase of 0.2% at the open.