Investing.com - U.S. new home sales dropped unexpectedly in December, official data showed on Thursday.
In a report, the U.S. Census Bureau said new home sales fell by 2.2% to a seasonally adjusted 307,000 units in December, confounding expectations for a 2% gain to 320,000.
New home sales for November were revised down to 314,000 units from a previously reported 315,000 units.
The median sales price of new houses sold in December was USD210,300, while the average sales price was USD266,000.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD gaining 0.44% to trade at 1.3165.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average rose 0.45%, the S&P 500 index added 0.35%, while the Nasdaq Composite index gained 0.35%.
In a report, the U.S. Census Bureau said new home sales fell by 2.2% to a seasonally adjusted 307,000 units in December, confounding expectations for a 2% gain to 320,000.
New home sales for November were revised down to 314,000 units from a previously reported 315,000 units.
The median sales price of new houses sold in December was USD210,300, while the average sales price was USD266,000.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD gaining 0.44% to trade at 1.3165.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average rose 0.45%, the S&P 500 index added 0.35%, while the Nasdaq Composite index gained 0.35%.