Investing.com – U.S. new home sales rose less-than-expected in October, official data showed on Monday.
In a report, the U.S. Census Bureau said new home sales rose to a seasonally adjusted 307,000 units in October, below expectations for an increase to 312,000.
New home sales for September were revised down to 303,000 units from a previously reported 313,000 units.
The median sales price of new houses sold in October was USD212,300, while the average sales price was USD242,300.
Following the release of the data, the U.S. dollar remained sharply lower against the euro, with EUR/USD soaring 1.01% to trade at 1.3372.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average surged 2.7%, the S&P 500 index rallied 3.15%, while the Nasdaq Composite index jumped 3.3%.
In a report, the U.S. Census Bureau said new home sales rose to a seasonally adjusted 307,000 units in October, below expectations for an increase to 312,000.
New home sales for September were revised down to 303,000 units from a previously reported 313,000 units.
The median sales price of new houses sold in October was USD212,300, while the average sales price was USD242,300.
Following the release of the data, the U.S. dollar remained sharply lower against the euro, with EUR/USD soaring 1.01% to trade at 1.3372.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average surged 2.7%, the S&P 500 index rallied 3.15%, while the Nasdaq Composite index jumped 3.3%.