Investing.com – U.S. new home sales fell more-than-expected in January, official data showed on Thursday.
In a report, the U.S. Census Bureau said new home sales dropped by 12.6% to a seasonally adjusted 284,000 units in January, after rising by 15.7% to 325,000 units in December, whose figure was revised down from 329,000 units.
Analysts had expected the number of new home sales to fall by 8.8% to 310,000 units in January.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.24% to hit 1.3782.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average fell 0.09%; the S&P 500 index shed 0.06%, while the Nasdaq Composite index climbed 0.25%.
In a report, the U.S. Census Bureau said new home sales dropped by 12.6% to a seasonally adjusted 284,000 units in January, after rising by 15.7% to 325,000 units in December, whose figure was revised down from 329,000 units.
Analysts had expected the number of new home sales to fall by 8.8% to 310,000 units in January.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.24% to hit 1.3782.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average fell 0.09%; the S&P 500 index shed 0.06%, while the Nasdaq Composite index climbed 0.25%.