Investing.com - U.S. new home sales fell more-than-expected in December, dampening optimism over the U.S. economic outlook, official data showed on Monday.
In a report, the U.S. Census Bureau said new home sales dropped by 7% to a seasonally adjusted 414,000 units last month, compared to expectations for an increase to 457,000. New home sales in November were revised down to 445,000 units from a previously reported 464,000 units.
Following the release of the data, the U.S. dollar trimmed gains against the euro, with EUR/USD shedding 0.04% to trade at 1.3672, compared to 1.3658 ahead of the data.
Meanwhile, U.S. stock markets remained higher. The Dow Jones Industrial Average rose 0.25%, the S&P 500 index inched up 0.15%, while the Nasdaq Composite index added 0.05%.
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U.S. new home sales fall 7% in December to 414,000
Published 01/27/2014, 10:02 AM
U.S. new home sales fall 7% in December to 414,000
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