Investing.com - Pending home sales in the U.S. rose less-than-expected in November, fuelling concerns over the housing sector, industry data showed on Monday.
In a report, the National Association of Realtors said its pending home sales index increased by a seasonally adjusted 0.2% last month, disappointing expectations for a 1% gain. Pending home sales for October were revised to a 1.2% decline from a previously reported drop of 0.6%.
Year-on-year, pending home sales fell at annualized rate of 4% in November, significantly worse than expectations for a 0.2% decline, after declining 2.7% in October.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.37% to trade at 1.3795.
Meanwhile, U.S. equity markets were little changed after the open. The Dow Jones Industrial Average rose 0.1%, the S&P 500 index dipped 0.1%, while the Nasdaq Composite index shed 0.3%.
In a report, the National Association of Realtors said its pending home sales index increased by a seasonally adjusted 0.2% last month, disappointing expectations for a 1% gain. Pending home sales for October were revised to a 1.2% decline from a previously reported drop of 0.6%.
Year-on-year, pending home sales fell at annualized rate of 4% in November, significantly worse than expectations for a 0.2% decline, after declining 2.7% in October.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.37% to trade at 1.3795.
Meanwhile, U.S. equity markets were little changed after the open. The Dow Jones Industrial Average rose 0.1%, the S&P 500 index dipped 0.1%, while the Nasdaq Composite index shed 0.3%.