The United States released the housing starts index for the month of November, where housing starts rose by 9.3% to an annual rate of 685,000, compared with the prior revised estimate of 627,000 and above median estimates of 635,000. Building permits however, increased in November by 5.7% to reach an annual rate of 681,000, above median estimates of 635,000 and the prior revised estimate of 644,000.