Breaking: Data on building permits and housing starts in the United States has been released.

The U.S. Census Bureau released data on building permits and housing starts for November on Tuesday, which showed a significant variation compared to market expectations. According to the released data, the rate of home construction in the United States decreased in November; housing starts recorded about 1.29 million units, on a year-over-year basis, falling short of market expectations that anticipated the figure to be around 1.35 million units. This figure is also worse than the previous reading for October, which showed housing starts of about 1.31 million units. At the same time, official statistics indicated that building permits increased, reaching 1.51 million permits by the end of November, whereas predictions had anticipated around 1.43 million permits. The previous reading had shown building permits at about 1.42 million units in October. It is worth noting that building permits are an indicator that shows the annual number of new residential buildings that began construction in the previous month, and it is a key indicator of economic health because building construction results in a broad multiplier effect. For example, jobs are created for construction workers, subcontractors and inspectors are hired, and various construction services are purchased by the builder.