Investing.com – U.S. new home sales rose more-than-expected in September, official data showed on Wednesday.
In a report, the U.S. Census Bureau said new home sales rose by 5.7% to a seasonally adjusted 313,000 units in September, outstripping expectations for a 1.7% increase to 300,000 units.
The previous month’s figure was revised up to 296,000 units from 295,000.
The median sales price of new houses sold in September was USD204,400, while the average sales price was USD243,900.
Following the release of the data, the U.S. dollar was fractionally higher against the euro, with EUR/USD easing down 0.08% to trade at 1.3896.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average jumped 1.05%, the S&P 500 index rose 0.65%, while the Nasdaq Composite index edged up 0.1%.
In a report, the U.S. Census Bureau said new home sales rose by 5.7% to a seasonally adjusted 313,000 units in September, outstripping expectations for a 1.7% increase to 300,000 units.
The previous month’s figure was revised up to 296,000 units from 295,000.
The median sales price of new houses sold in September was USD204,400, while the average sales price was USD243,900.
Following the release of the data, the U.S. dollar was fractionally higher against the euro, with EUR/USD easing down 0.08% to trade at 1.3896.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average jumped 1.05%, the S&P 500 index rose 0.65%, while the Nasdaq Composite index edged up 0.1%.