Following a contraction of 1.4% in August, New Home Sales in the US surged by 14% in September, the data published by the US Commerce Department showed on Tuesday. This reading surpassed the market expectation for an increase of 1.5% by a wide margin.
Further details of the publication revealed that the median sale price rose by 18.7% on a yearly basis to $408,000.
Market reaction
The dollar stays resilient against its major rivals after this report. As of writing, the US Dollar Index was up 0.05% on a daily basis at 93.87.
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