Investing.com - The number of housing starts in the U.S. fell more-than-expected in November, official data showed Wednesday. The report also showed that building permits surged, painting a mixed picture of the U.S. housing sector.
In a report, the U.S. Census Bureau that U.S. housing starts fell by 3% in November to a seasonally adjusted 0.861 million, compared to a 2.5% decline to 0.873 million.
Housing starts for October were revised down to 0.888 million units from a previously reported 0.894 million units.
The report also showed that the number of building permits issued in November jumped 3.6% to a seasonally adjusted 0.899 million, compared to expectations for a gain of 0.8% to 0.875 million.
Building permits issued in October totaled 0.868 million units.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.53% to trade at 1.3299.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a gain of 0.15% at the open, S&P 500 futures indicated a rise of 0.2%, while the Nasdaq 100 futures signaled a gain of 0.3%.
In a report, the U.S. Census Bureau that U.S. housing starts fell by 3% in November to a seasonally adjusted 0.861 million, compared to a 2.5% decline to 0.873 million.
Housing starts for October were revised down to 0.888 million units from a previously reported 0.894 million units.
The report also showed that the number of building permits issued in November jumped 3.6% to a seasonally adjusted 0.899 million, compared to expectations for a gain of 0.8% to 0.875 million.
Building permits issued in October totaled 0.868 million units.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD adding 0.53% to trade at 1.3299.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a gain of 0.15% at the open, S&P 500 futures indicated a rise of 0.2%, while the Nasdaq 100 futures signaled a gain of 0.3%.