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Building Permits data in line with market forecasts

Tuesday, Mar 17 2015
Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,092,000. This was in line with market forecasts. This is 3.0% above the revised January rate of 1,060,000 and is 7.7% above the February 2014 estimate of 1,014,000. Single-family authorizations in February were at a rate of 620,000; this is 6.2% below the revised January figure of 661,000.  Authorizations of units in buildings with five units or more were at a rate of 445,000 in February. 
 
Privately-owned housing starts in February were at a seasonally adjusted annual rate of 897,000, below anticipated rate of 1,050,000. This is 17.0% below the revised January estimate of 1,081,000 and is 3.3%below the February 2014 rate of 928,000. Single-family housing starts in February were at a rate of 593,000; this is 14.9% below the revised January figure of 697,000. The February rate for units in buildings with five units or more was 297,000.
 
Data did not have any major impact on the markets. Euro is currently being traded few points above 1.0630 level, Sterling is around 1.4760 area, while Aussie is slightly below 0.7650 level.
More in this category: « Mixed Economic Sentiment figures Sterling lower in an uneventful Tuesday's session »

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