US Housing Starts rise 10.7% in February, Building Permits increase 1.9%

• Housing Starts and Building Permits in the US increased in February.
• The US Dollar Index clings to daily gains near 104.00.

Housing Starts in the US rose 10.7% in February to 1.52 million units, the monthly data published by the US Census Bureau revealed on Tuesday. This reading followed the 12.3% decrease recorded in January. 

In the same period, Building Permits increased 1.9% after falling 0.3% in January.

Market reaction

The US Dollar Index preserves its bullish momentum after the data and was last seen rising 0.32% on the day at 103.92.