Today, the U.S. Census Bureau updated on the number of new homes sales in the U.S during December 2011: new homes sales slightly fell again compared with November.
According to the recent report, during December 2011 the annual rate of number of U.S new home sales reached 307,000 (seasonally adjusted); this figure is 2.2 percent above the revised annual rate in November 2011 of 314,000 sales, but it is still 7.3% above the annual rate in December 2010.
The median sales price of new dwellings sold in November 2011 reached $210,300.
This news coincides with the decline in sales of pending homes – a report that was published yesterday. This news doesn’t look well on the slow recovery of the U.S. home market.
This report might slowdown a bit the recent rally in the financial markets including the American stock markets, which are currently traded up. Furthermore, this news may curb the current rally of commodities prices mainly crude oil prices.
Current gold price, short term futures (February 2012 delivery) is traded at $1,728.70 per t oz. a $25.7 increase or 1.51%, as of 15:34*.
Nymex (WTI) crude oil price, short term futures (February 2012 delivery) is rising by 1.24% to $100.63 per barrel as of 15:34*.
Euros to USD exchange rate is currently traded moderately up at 1.3137 a 0.2304% increase as of 15:44*.
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