Forexpros – U.S. new home sales fell less-than-expected in March, while the previous month’s figure was revised higher, official data showed on Tuesday.
In a report, the U.S. Census Bureau said new home sales fell by 7.1% to a seasonally adjusted 328,000 units in March, compared to expectations for a decline to 320,000.
New home sales for February were revised up to 353,000 units from a previously reported 313,000 units.
The median sales price of new houses sold in March was USD234,500, while the average sales price was USD291,200.
Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD gaining 0.4% to trade at 1.3209.
Meanwhile, U.S. equity markets were broadly higher after the open. The Dow Jones Industrial Average rose 0.75%, the S&P 500 index added 0.55%, while the Nasdaq Composite index gained 0.2%.
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