Investing.com – The number of building permits issued in the U.S. rose more-than-expected in November, climbing to the highest level since March 2010, official data showed on Tuesday.
In a report, the U.S. Census Bureau said the number of building permits issued in November rose 5.7% to a seasonally adjusted 0.68 million from 0.64 million in October, whose figure was revised down from 0.65 million.
Analysts had expected building permits to fall by 1.4% to 0.63 million units in November.
U.S. housing starts also rose more-than-expected in November, climbing by 9.3% to a seasonally adjusted 0.69 million, beating expectations for a rise of 1.1% to 0.64 million.
Housing starts in October rose by an unrevised 0.63 million.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD gaining 0.63% to trade at 1.3081.
Meanwhile, U.S. stock future indices added to gains after the release of the data. The Dow Jones Industrial Average futures pointed to a strong gain of 0.95%, S&P 500 futures rallied 1.1%, while the Nasdaq 100 futures pointed to a rise of 1.05%.
In a report, the U.S. Census Bureau said the number of building permits issued in November rose 5.7% to a seasonally adjusted 0.68 million from 0.64 million in October, whose figure was revised down from 0.65 million.
Analysts had expected building permits to fall by 1.4% to 0.63 million units in November.
U.S. housing starts also rose more-than-expected in November, climbing by 9.3% to a seasonally adjusted 0.69 million, beating expectations for a rise of 1.1% to 0.64 million.
Housing starts in October rose by an unrevised 0.63 million.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD gaining 0.63% to trade at 1.3081.
Meanwhile, U.S. stock future indices added to gains after the release of the data. The Dow Jones Industrial Average futures pointed to a strong gain of 0.95%, S&P 500 futures rallied 1.1%, while the Nasdaq 100 futures pointed to a rise of 1.05%.