The United States released today the housing starts index for the month of November, where housing starts increased by 3.9% to an annual rate of 555,000, compared with the prior revised estimate of 534,000 and better than median estimates of 550,000.

The U.S. also released the building permits index for the month of November, where building permits declined by 4.0% opposite to expectations of a 1.5% rise, where the index dropped to 530,000 permit from the prior revised estimate of 552,000 and below median estimates of 560,000.