Open Demo Account
Home / Market Update / Forex Market / US: New Home Sales retreat below expectations

US: New Home Sales retreat below expectations

Mohamed Abdelhamid 27 November, 2023 7:42 pm Forex Market, Market Update

New Home Sales in the US declined 5.6% in October. US Dollar Index continues to hover around 103.40 after the data.

Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly on Monday by the US Census Bureau and the Department of Housing and Urban Development.

The number represents a decline of 5.6% from the September revised rate of 719,000 is below market consensus of 725,000.

The median sales price of new houses sold in October 2023 was $409,300 and the average sales price was $487,000, the publication revealed. The US Dollar Index (DXY) remained around 103.40, marginally lower for the day.

Tags

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends