Today, the U.S. Census Bureau reported on the number of new homes sold in the U.S during April 2012: new homes sales rose compared with the number of homes sold during March 2012.
According to the recent update, during April 2012 the annual rate of number of U.S new home sales settled at 343,000 (seasonally adjusted); this figure is 3.3 percent above the revised annual rate in March 2012 of 332,000 sales, and it is also 9.9% above the annual rate in April 2011.
The median sales price of new dwellings sold in April 2012 reached $235,700.
This news coincides with the rise in the number of U.S existing home sales – a report that was published yesterday.
Currently this news doesn’t seem to have much of a positive effect on the U.S stock markets despite the cautiously encouraging figures this report presented.
The ongoing speculation around the future of Greece in the European Union seems to eclipse the rest of the news. This report may curb the current tumble of the American stock markets, and other commodities prices.
On the other hand this news may adversely affect bullion prices.
Current gold price, short term futures (June 2012 delivery) is traded at $1,537.4 per t oz. a $39.2 decrease or 2.49%, as of 15:50*.
Current silver price, short term futures (June 2012 delivery) is traded at $27.225 per t oz. a $0.954 decrease or 3.39%, as of 15:50*.
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