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- US: New Home Sales fall by 4.5% in January compared to December's 12.0% surge
US: New Home Sales fall by 4.5% in January compared to December's 12.0% surge
- New Home Sales fell 4.5% in January after December's 12.0% drop.
- The US dollar did not react to the latest US data with geopolitics the main focus.
Following a massive 12.0% MoM surge (which was upwardly revised from a 11.9% gain) in the number of New Home Sales in the past 12-months in December, the 12-month rolling number of New Home Sales was down 4.5% in January, data published by the US Commerce Department showed on Thursday. That meant the number of New Home Sales in the US over the past 12 months dropped to 801K in January from 839K the month prior, a tad less than the 806K expected.
Market Reaction
The US dollar did not react to the latest US data with geopolitics the main focus.
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