U.S. housing starts rose to a one-year high in October, surpassing analysts’ forecasts, the Commerce Department data showed Friday.
Housing starts surged to 1.29 million units, the highest level since October 2016, from a revised of 1.14 million, coming above estimates of 1.19 million.
Building permits came in at 1.30 million, compared to a revised of 1.23 million, while analysts had predicted 1.25 million.
As of 13:34 GMT, the U.S. dollar traded slightly lower versus a basket
of major currencies at 93.82, set for a second straight weekly loss.