Investing.com - U.S. new home sales rose more-than-expected in July, while the previous month’s figure was revised higher, official data showed on Thursday.
In a report, the U.S. Census Bureau said new home sales rose by 3.6% to a seasonally adjusted 372,000 units in July, beating expectations for a 2.6% increase to 365,000.
New home sales for June were revised up to 359,000 units from a previously reported 350,000.
The median sales price of new houses sold in July fell 2.1% to USD224,200.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.13% to trade at 1.2545.
Meanwhile, U.S. equity markets were down after the open. The Dow Jones Industrial Average fell 0.6%, the S&P 500 index shed 0.2%, while the Nasdaq Composite index dropped 0.75%.
In a report, the U.S. Census Bureau said new home sales rose by 3.6% to a seasonally adjusted 372,000 units in July, beating expectations for a 2.6% increase to 365,000.
New home sales for June were revised up to 359,000 units from a previously reported 350,000.
The median sales price of new houses sold in July fell 2.1% to USD224,200.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.13% to trade at 1.2545.
Meanwhile, U.S. equity markets were down after the open. The Dow Jones Industrial Average fell 0.6%, the S&P 500 index shed 0.2%, while the Nasdaq Composite index dropped 0.75%.