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U.S. existing home sales rise 1.3% in April to 4.65 million units

Published 05/22/2014, 10:07 AM
U.S. existing home sales rise less than expected in April
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Investing.com - U.S. existing home sales rose less than expected in April, underlining concerns over the health of the housing market, industry data showed on Thursday.

In a report, the National Association of Realtors said that existing home sales increased 1.3% to a seasonally adjusted 4.65 million units last month from 4.59 million in March.

Analysts had expected existing home sales to rise 2.2% to 4.68 million units.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.2% to trade at 1.3658.

Meanwhile, U.S. stock markets were mixed after the open. The Dow 30 declined 0.1%, the S&P 500 added 0.1%, while the Nasdaq 100 tacked on 0.1%.

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