The United States released the housing starts index for the month of March, where housing starts dropped by 5.8% to an annual rate of 654,000 compared with the prior estimate of 698,000 and revised to 694,000, lower than median estimates of 705,000.

However, Building permits rose in March by 4.5% to reach an annual rate of 747,000 above median estimates of 710,000 and the prior estimate of 717,000 and revised to 715,000.