US Building Permits and Housing Starts Data Released

The US Census Bureau released September data for building permits and housing starts, aligning with market expectations.

Recorded an annual rate of 1.35 million units in September.
This was a slight decline from the previous month’s revised figure of 1.36 million units.
Building Permits:

Totaled approximately 1.43 million permits by the end of September.

This was below the expected 1.45 million permits and down from the revised 1.47 million in August.

Building permits indicate the number of new residential buildings under construction, serving as a key economic health indicator due to its broad impact on job creation and related services.