- New home sales in the US fell 5.6% in October.
- The Dollar Index continues to hover around 103.40 after the data is released.
Sales of new single-family homes in October 2023 stood at a seasonally adjusted annual rate of 679,000, according to estimates released jointly Monday by the U.S. Census Bureau and the Department of Housing and Urban Development. The figure represents a decline of 5.6% from September’s revised rate of 719,000 and is below the market consensus of 725,000.
The median sales price of new homes sold in October 2023 was $409,300 and the median was $487,000, according to the publication.
Market reaction
The Dollar Index (DXY) remained around 103.40, modestly lower on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
