U.S. New Home Sales Inclined in September 2011

Today, the U.S. Census Bureau reported on U.S new homes sales for September 2011 and it showed a change in direction as the number of homes sold rose compared with August’s numbers.

According to the report, in September 2011 the annual rate of number of U.S new home sales reached 313,000 (seasonally adjusted); this figure is 5.7 percent above the revised annual rate in August 2011 of 296,000 sales, but it was 0.9% below the annual rate in September 2010.

The median sales price of new dwellings sold in September 2011 reached $204,400.

This news shows a mixed message as there was an increase from August to September 2011, but a drop from September 2010 to September 2011.

Even though this news does show some progress from August in new home sold, it isn’t a sharp gain enough to stir up the financial markets.

Currently, major commodities prices are traded with mixed trend:  

Current gold price, short term futures (November 2011 delivery) is traded at $1,717.50 per t oz. a $17.1 increase or 1.01%, as of 15:43*.

Current Nymex crude oil price, short term futures (November 2011 delivery) is traded down by 1.66%, at $91.62 per barrel as of 15:43*.

Euros to USD exchange rate is currently traded down at 1.3824 a 0.5993% decrease as of 15:48*.

(* GMT)

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