US building permits
  • Prior was 1.401m
  • Starts change +21.7% vs +2.2% prior
  • Building permits 1.491m vs 1.420m expected
  • Prior building permits 1.417m
  • Permits up 5.2%

The housing market is turning into a source of economic strength, which isn't what you would expect with the Fed Funds rate at the highest since 2001.