April 2015 US housing starts data report 19 May 2015

  • Prior 1.042m. Revised to 1.038m
  • Building permits 1.143m vs 1.019m exp. Prior 0.926m. Revised to 0.944m

Nothing skewy from the revisions

Highest starts since Jan 2008 and biggest percentage jump since 1991. Permits at the highest since Jun 2008

USD/JPY storms to 120.40 from 120.20. EUR/USD is smacked through support at 1.1160 to 1.1145. Next decent support at 1.1130

It's a strong number as starts in the South dropped 1.8%. The South is where the bulk of building is usually done so it means a good pickup around the rest of the country

US housing starts