In the US session Housing Starts and Buliding Permits figure were released. New-home construction in the U.S. fell more than forecast in November after surging a month earlier to a nine-year high, indicating fitful progress in residential real estate. Residential starts slumped 18.7 percent to a 1.09 million annualized rate last month after rising to a 1.34 million pace, Commerce Department data showed Friday. The median projection in a Bloomberg survey called for a 1.23 million pace in November. Ground-breaking jumped 27.4 percent in October, the most since July 1982.
Permits, a proxy for future construction, also fell last month on fewer applications to build apartments. Permits dropped 4.7 percent to a 1.2 million annualized rate, reflecting a 13 percent slide in applications for multifamily dwellings. Permits for one-family homes climbed 0.5 percent, the fourth straight gain.
There will be no major data releases both from the UK and USA on Monday, so we can expect a bit steadier session.
