US: New Home sales recover but below expectations

FXStreet (Córdoba) - The annual rate of new home sales in the US during November rose to 490,000 below the 505,000 expected by market consensus. It represents a rise of 4.3%, above the 2%; but the highest percentage is because previous months were revised lower.

The number showed an increase for the second month in a row. The initial reported gain of 10.2% in October was revised to 6.2%.