Sales of new single‐family houses tumbled 8.7% in August to a seasonally adjusted annual rate of 675,000, the data published jointly by the US Census
This reading followed the 4.4% growth recorded in July and came in worse than the market expectation of a modest decline to an annual rate of 700,000.
The median sales price of new houses sold in August 2023 was $430,300, and the average sales price was $514,000, the publication revealed. remained around 106.00, trading near monthly highs, marginally higher for the day. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Costco earnings, United Natural Foods, new home sales: 3 things to watch By Investing.comCostco earnings, United Natural Foods, new home sales: 3 things to watch
Read more »
Ford Tried to Sell the Electric Mustang to China the Tesla Way—It Didn’t WorkDetroit automaker is changing its strategy after China EV sales suffered from marketing and sales missteps.
Read more »
Weatherize your home: 7 inexpensive ways to reduce your home heating and energy bills this winterWant to cut down on your home heating and electric bills this year? Try these items from Amazon, Wayfair and more.
Read more »
Yankees bust started trash talking new team immediately, teammate saysThe former New York Yankees third baseman was released in August.
Read more »
Spider-Man: No Way Home MJ Gets New Marvel Legends FigureHasbro Pulse Con 2023 has arrived and they have announced an impressive set of collectibles like some new live-action Spider-Man figures
Read more »