US: New Home Sales jump to 759K in September vs. 680K expected

New Home Sales in the US rose 12.3% in September.
US Dollar Index continues to hover around 106.40 after the data.

Matías Salord FXStreet

Sales of new single‐family houses jumped 12.3% in September to a seasonally adjusted annual rate of 759,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Wednesday.

This reading followed the 8.2% decline recorded in August and came in better than the market expectation of a modest increase to an annual rate of 680,000.

The median sales price of new houses sold in September 2023 was $418,800, and the average sales price was $503,900, the publication revealed.

Market reaction

The US Dollar Index (DXY) remained around 106.40, gaining 0.15% for the day.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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