Market news

Show news:


16.04.2021 20:38

U.S. housing starts rise much more than expected in March

The Commerce Department reported on Friday the housing starts surged by 19.4 percent m-o-m in March to a seasonally adjusted annual pace of 1.739 million (the highest level since June 2006), while building permits rose by 2.7 percent m-o-m to a seasonally adjusted annual rate of 1.766.

Economists had forecast housing starts increasing to a pace of 1.613 million units last month and building permits rising to a pace of 1.750 million units.

Data for February was revised to show homebuilding growing to a pace of 1.457 million units, instead of increasing at a rate of 1.421 million units as previously reported.

According to the report, permits for single-family homes, the largest segment of the market, rose 4.6 percent m-o-m to a rate of 1.199 million units in March, while approvals for the multi-family homes segment decreased 1.2 percent m-o-m to a 567,000 unit-rate.

In the meantime, groundbreaking on single-family homes climbed 15.3 percent m-o-m to a rate of 1.238 million units in March, while housing starts for the multi-family surged 30.0 percent m-o-m at a 477,000 -unit pace.


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

October 2021
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00