Today, the U.S. Census Bureau issued its monthly report on US new homes sales for July 2011 and didn’t shows much improvement from June.
According to the report, in July 2011 the annual rate of number of US new home sales reached 298,000 (seasonally adjusted); this figure is 0.7 percent below the revised annual rate in June 2011 of 300,000 sales, but it’s 6.8% above the annual rate in July 2010.
The median sales price of new dwellings sold in June 2011 reached $222,200.
This news doesn’t show any further improvement in the real estate market in the US, but also doesn’t present any sharp declines. It’s still not an encouraging new report, and given the high speculation in the financial markets this news isn’t expected to stir up the markets.
Current Nymex crude oil price, short term futures (September 2011 delivery) is traded up by 0.32%, at $84.69 per barrel as of 16:29*.
Current gold price, short term futures (September 2011 delivery) is traded at $1,884.90 per t oz. a $7 decrease or 0.37%, as of 16:26*.
Euros to USD is currently traded down at 1.4413 a 0.3825% increase as of 16:35*.
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