Investing.com – The number of building permits issued in the U.S. rose in line with expectations in January, official data showed on Thursday.
In a report, the U.S. Census Bureau said the number of building permits issued in January rose 0.7% to a seasonally adjusted 0.68 million, broadly in line with market expectations.
The report also showed that U.S. housing starts rose unexpectedly in January to a seasonally adjusted 0.70 million from 0.69 million units in December, whose figure was revised up from a previously reported 0.66 million units.
Analysts had expected U.S. housing starts to decline to 0.68 million units.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.48% to trade at 1.3004.
Meanwhile, U.S. stock future indices turned mixed to higher after the release of the data. The Dow Jones Industrial Average futures pointed to a modest decline of 0.05%, S&P 500 futures dipped 0.1%, while the Nasdaq 100 futures pointed to a gain of 0.1%.
In a report, the U.S. Census Bureau said the number of building permits issued in January rose 0.7% to a seasonally adjusted 0.68 million, broadly in line with market expectations.
The report also showed that U.S. housing starts rose unexpectedly in January to a seasonally adjusted 0.70 million from 0.69 million units in December, whose figure was revised up from a previously reported 0.66 million units.
Analysts had expected U.S. housing starts to decline to 0.68 million units.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.48% to trade at 1.3004.
Meanwhile, U.S. stock future indices turned mixed to higher after the release of the data. The Dow Jones Industrial Average futures pointed to a modest decline of 0.05%, S&P 500 futures dipped 0.1%, while the Nasdaq 100 futures pointed to a gain of 0.1%.