The U.S. released the housing starts and building permits for the month of February, where housing starts dropped by 5.9% to an annualized rate of 575,000 from the prior revised estimate of 611,000 and slightly above median estimates of 570,000, while building permits dropped by 1.6% to an annualized rate of 612,000 from the prior revised estimate of 622,000 and better than median estimates of 601,000.