Investing.com - The National Association of Home Builders/Wells Fargo housing market index rose more-than-expected in June to hit the highest level since April 2006, industry data showed on Monday.
In a report, NAHB said that its Housing Market Index rose to 52.0 in June from 44.0 in May.
Analysts had expected NAHB Housing Market Index to rise to 45.0 this month.
Following the release of the data, the U.S. dollar was little changed against the euro, with EUR/USD trading flat at 1.3343.
Meanwhile, U.S. stock markets remained higher after the open.
The Dow Jones Industrial Average rallied 1%, the S&P 500 rose 1%, while the Nasdaq 100 jumped 1.1%.
In a report, NAHB said that its Housing Market Index rose to 52.0 in June from 44.0 in May.
Analysts had expected NAHB Housing Market Index to rise to 45.0 this month.
Following the release of the data, the U.S. dollar was little changed against the euro, with EUR/USD trading flat at 1.3343.
Meanwhile, U.S. stock markets remained higher after the open.
The Dow Jones Industrial Average rallied 1%, the S&P 500 rose 1%, while the Nasdaq 100 jumped 1.1%.