U.S. New Home Sales Slightly Rose in November 2011

Today, the U.S. Census Bureau updated on the number of new homes sales in the U.S during November 2011: new homes sales slightly rose again compared to October.

According to the recent report, during November 2011 the annual rate of number of U.S new home sales reached 315,000 (seasonally adjusted); this figure is 1.6 percent above the revised annual rate in October 2011 of 310,000 sales, and it was 9.8% above the annual rate in November 2010.

The median sales price of new dwellings sold in November 2011 reached $214,100.

This news demonstrates the ongoing slow recovery of the U.S. home market, even if the growth rate is very modest.

This report might raise some light optimism in the financial markets and help rally the American stock markets, which are currently traded slightly up. Furthermore, this news may also help push commodities prices mainly crude oil prices to further rise.

Current gold price, short term futures (January 2012 delivery) is traded at $1,606.40 per t oz. a $4.2 decrease or 0.26%, as of 17:54*.

Nymex (WTI) crude oil price, short term futures (January 2012 delivery) is slightly rising by 0.61% to $100.14 per barrel as of 17:57*.

Euros to USD exchange rate is currently traded slightly up at 1.3052 a  0.0168% increase as of 18:06*.

(* GMT)

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