- Prior 1.017m. Revised to 1.038m
- Permits 1.080m vs 1.040m m/m. Prior 1.031m
The 2.5% drop in starts this month is countered somewhat by the upward revision. Permits are at a the highest for over 6 1/2 years and much like jobs the housing market has settled down into a decent growth trend. We’re still far off pre-crisis levels but we’re on sounder ground these days.
USD/JPY went on a little 10 pip walk around 117.55/65
US housing starts building & permits 19 11 2014
