Investing.com - U.S. new home sales rose more-than-expected in April, rebounding from the previous month’s sharp decline, official data showed on Wednesday.
In a report, the U.S. Census Bureau said new home sales rose by 3.3% to a seasonally adjusted 343,000 units in April, above expectations for a gain of 2.1% to 335,000.
New home sales for March were revised up to 332,000 units from a previously reported 328,000 units.
The median sales price of new houses sold in April was USD235,700, up 0.7% from March.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.38% to trade at 1.2636.
Meanwhile, U.S. equity markets were broadly lower after the open. The Dow Jones Industrial Average fell 0.7%, the S&P 500 index slumped 0.6%, while the Nasdaq Composite index declined 0.55%.
In a report, the U.S. Census Bureau said new home sales rose by 3.3% to a seasonally adjusted 343,000 units in April, above expectations for a gain of 2.1% to 335,000.
New home sales for March were revised up to 332,000 units from a previously reported 328,000 units.
The median sales price of new houses sold in April was USD235,700, up 0.7% from March.
Following the release of the data, the U.S. dollar remained higher against the euro, with EUR/USD shedding 0.38% to trade at 1.2636.
Meanwhile, U.S. equity markets were broadly lower after the open. The Dow Jones Industrial Average fell 0.7%, the S&P 500 index slumped 0.6%, while the Nasdaq Composite index declined 0.55%.