US: Housing Starts decline 0.5%, Building Permits plunge 11.2% in November

• Housing Starts and Building Permits in the US continued to decline in November.
• US Dollar Index stays in negative territory below 104.50.

The monthly data published by the US Census Bureau revealed on Tuesday that Housing Starts declined by 0.5% on a monthly basis in November following October’s 2.1% contraction.

In the same period, Building Permits fell by 11.2%, compared to a 3.3% drop recorded in October.

Market reaction

These figures don’t seem to be having a significant impact on the US Dollar’s valuation against its major rivals. As of writing, the US Dollar Index was down 0.35% on the day at 104.30.