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Building Permits rose more than expected

Tuesday, May 19 2015
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,143,000. Analysts were forecasting smaller incline to 1,060,000. This is 10.1% above the revised March rate of 1,038,000 and is 6.4% above the April 2014 estimate. Single-family authorizations in April were at a rate of 666,000; this is 3.7% above the revised March figure of 642,000.  Authorizations of units in buildings with five units or more were at a rate of 444,000 in April. 
 
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,135,000, which is also above anticipated rise to 1,020,000. This is 20.2% above the revised March estimate of 944,000 and is 9.2% above the April 2014 rate of 1,039,000. Single-family housing starts in April were at a rate of 733,000; this is 16.7 percent (±10.6%) above the revised March figure of 628,000.  The April rate for units in buildings with five units or more was 389,000.
 
USD remains broadly higher against its major rivals. Euro is currently being traded few points above 1.1140 area, Sterling is slightly below 1.55 handle, while Aussie is around 0.7930 area.
More in this category: « Disappointing ZEW Economic Sentiment figures Westpac consumer sentiment rose 6.4% in May »

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