US: New Home Sales tumbled to 679K in October vs. 725K expected

New Home Sales in the US declined 5.6% in October.
US Dollar Index continues to hover around 103.40 after the data.

Matías Salord FXStreet

Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly on Monday by the US Census Bureau and the Department of Housing and Urban Development. The number represents a decline of 5.6% from the September revised rate of 719,000 and is below market consensus of 725,000.

The median sales price of new houses sold in October 2023 was $409,300 and the average sales price was $487,000, the publication revealed.

Market reaction

The US Dollar Index (DXY) remained around 103.40, marginally lower for the 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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