US Housing Starts decline 14.7% in March, Building Permits fall 4.3%

• Housing Starts and Building Permits in the US declined sharply in March.
• The US Dollar Index holds above 106.00 after housing data.

Housing Starts in the US fell 14.7% in March to 1.32 million units, the monthly data published by the US Census Bureau revealed on Tuesday. This reading followed the 12.7% increase (revised from 10.7%) recorded in February. 

In the same period, Building Permits declined 4.3% after rising 2.3% (revised from 1.9%) in January.

Market reaction

The US Dollar Index edged lower with the immediate reaction and was last seen trading flat on the day at 106.15.