Housing Starts come in at 1.239M against 1.365M consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
US Housing Starts for August 2026 were reported at 1.239M, falling short of the 1.365M consensus estimate. This represented a -9.2% surprise compared to expectations. The previous month’s reading was 1.427M.
Measured market reactions across major pairs have been relatively subdued in the initial 15 minutes following the release. EURUSD moved -0.8 pips at five minutes and +0.4 pips at fifteen minutes. GBPUSD saw a -0.8 pip move at five minutes, followed by +0.8 pips at fifteen minutes. USDJPY gained +1.1 pips at five minutes and +0.9 pips at fifteen minutes. XAUUSD initially moved +17 pips at five minutes, then was down -36 pips at fifteen minutes. These observed movements are small when compared to the typical historical volatility for this event. For instance, EURUSD has a median 1-hour move of 7 pips after past releases, while XAUUSD typically sees a median 1-hour move of 21 pips.