![US building permits](https://images.forexlive.com/images/US%20building%20permits_id_73a5e617-8a0d-49a0-9bf4-96bf0267bf78_original.jpg)
- 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.