Investing.com – The number of building permits issued in the U.S. rose more-than-expected in October, climbing to the highest level since March 2010, official data showed on Thursday.
In a report, the U.S. Census Bureau said the number of building permits issued in October rose 9.2% to a seasonally adjusted 0.65 million from 0.59 million in September.
Analysts had expected building permits to rise 1.6% to 0.60 million units in October.
U.S. housing starts were largely unchanged in October, holding steady at a seasonally adjusted 0.63 million, compared to expectations for a decline to 0.61 million.
Following the release of the data, the U.S. dollar extended losses against the euro, with EUR/USD gaining 0.37% to trade at 1.3512.
Meanwhile, U.S. stock future indices pared losses after the release of the data. The Dow Jones Industrial Average futures eased down 0.1%, S&P 500 futures slipped 0.1%, while the Nasdaq 100 futures pointed to a decline of 0.2%.
In a report, the U.S. Census Bureau said the number of building permits issued in October rose 9.2% to a seasonally adjusted 0.65 million from 0.59 million in September.
Analysts had expected building permits to rise 1.6% to 0.60 million units in October.
U.S. housing starts were largely unchanged in October, holding steady at a seasonally adjusted 0.63 million, compared to expectations for a decline to 0.61 million.
Following the release of the data, the U.S. dollar extended losses against the euro, with EUR/USD gaining 0.37% to trade at 1.3512.
Meanwhile, U.S. stock future indices pared losses after the release of the data. The Dow Jones Industrial Average futures eased down 0.1%, S&P 500 futures slipped 0.1%, while the Nasdaq 100 futures pointed to a decline of 0.2%.