U.S. new-home sales surged to the highest in nearly eight years in July as builders picked up the pace while buyer demand remained robust. Sales of newly constructed homes rose 12.4% to a seasonally adjusted annual rate of 654,000, the Commerce Department said Tuesday.
That was 31.3% higher than a year ago, and easily beat forecasts of a 581,000 pace from economists surveyed by MarketWatch. June’s figure was revised downward slightly, to 582,000.
Euro is currently being traed around 1.13 handle, Sterling is at 1.3180 level, while Aussie is around 0.7620 area.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
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