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U.S. new home sales rise 4.4% in November to 377K

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Investing.com - Investing.com - U.S. new home sales rose less-than-expected in November, while the previous month's figure was revised down, official data showed on Thursday.

In a report, the U.S. Census Bureau said new home sales rose by 4.4% to a seasonally adjusted 377,000 units in November, compared to expectations for an increase to 378,000.

New home sales for October were revised down to 361,000 units from a previously reported 368,000.

Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.32% to trade at 1.3267.

Meanwhile, U.S. equity markets were lower after the open. The Dow Jones Industrial Average dipped 0.1%, the S&P 500 index shed 0.1%, while the Nasdaq Composite index eased down 0.25%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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