New home sales in the U.S. unexpectedly dropped 2.4% in July

Market news

25 August 2014

New home sales in the U.S. unexpectedly dropped 2.4% in July

The U.S. Commerce Department released new home sales figures today. New home sales in the U.S. fell by 2.4% to 412,000 units in July, missing expectations for a rise to 426,000 units. That was the slowest pace of new home sales in four months.

June's figure was revised up from 406,000 units.

The median price of new homes rose 2.9% from July 2013 to $269,800.

Bank of Japan Governor Haruhiko Kuroda: Japan’s central bank could extend its quantitative easing programme

U.S.: New Home Sales, July 412 (forecast 426)

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.