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US building permits rose rose 1.5m in Jul, housing starts up to 1.5m

ActionForex
By ActionForex

US building permits rose 18.8% mom in July to 1495k annualized rate, above expectation of 1330k. Single-family authorizations rose 17.0% mom. Authorizations of units in buildings with five units or more were at 467k.

Housing starts rose 22.6% mom to 1496k, above expectation of 1230k. Single-family housing starts rose 8.2% mom. Rate for units in buildings with five units or more was 547k.

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