US building permits 1153K vs. 1150K estimate

The high water mark over the last year has been 1.213K for housing starts. The low 1073K.

The prior month was revised to 1135k from 1164K reported earlier. The Building permits stayed the same at 1136K. Both housing starts and building permits are on a annualized basis.

  • Multifamily housing starts rise 5.4% to 411,000
  • Single-family starts rise 4.4% to 778,111
  • Completions rose 1147K in June from 1021K the prior month. SIngle familiy completions rose to 752K while multifamily rose to 395K

The USDJPY has moved to new session highs on the back of the better data.. The EURUSD and the GBPUSD are also looking to extend (has not broken yet).