Today, the U.S. Census Bureau reported on the number of new homes sold in the U.S in May 2012: the number of new homes sales increased compared with the number of new homes sold during April 2012.
According to the recent report, during May 2012 the annual rate of number of U.S new home sales settled at 369,000 (seasonally adjusted); this figure is 7.6 percent above the revised annual rate in April 2012 of 343,000 sales, and it is also 19.8% above the annual rate in May 2011.
The median sales price of new dwellings sold in May 2012 reached $234,500.
This news doesn’t coincide with the decline in the number of U.S existing home sales – a report that was published last week.
Currently this news doesn’t seem to have a positive effect on the U.S stock markets despite the encouraging figures this report presented. It seems that the European debt crisis is crowding out the effect of this positive news. Further the current speculation about the results of the upcoming EU Summit is likely to continue affecting Forex and commodities markets during the day. Currently, the U.S stock markets including Dow Jones, S&P500 and Nasdaq are falling.
Current gold price, short term futures (July 2012 delivery) is traded at $1,558.7 per t oz. a $18.8 increase or 1.2%, as of 17:19*.
Current silver price, short term futures (July 2012 delivery) is traded at $27.455 per t oz. a $0.731 increase or 2.74%, as of 17:19*.
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