US: New Home Sales rise by 4.3% in January vs. 2.1% expected

New Home Sales in the US rose more than expected in January.
US Dollar Index clings to daily gains around 90.40.

Eren Sengezer FXStreet

New Home Sales in the US rose by 4.3% in January to a seasonally adjusted annual rate of 923,000, the data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Wednesday.

This reading followed December's increase of 5.5% (revised from 1.6%) and came in better than the market expectation of 2.1%.

"The median sales price of new houses sold in January 2021 was $346,400. The average sales price was $408,800.," the publication further read.

Market reaction

The US Dollar Index largely ignored this report and was last seen rising 0.25% on the day at 90.39.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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