• Prior 1.009m. Revised to 1.045m
  • Building permits 1.035m vs 1.060m exp. Prior 1.092m

Biggest drop in permits since Jan

Despite the miss in starts too there’s no real signs of danger from the housing market which is still in a decent upward trend.

US housing starts/building permits 16 12 2014

US housing starts/building permits 16 12 2014

US building permits regions 16 12 2014

US housing starts/permits regions 16 12 2014

USD/JPY is cementing its bounce from 115.50 around 116.40/50