The US Commerce Department announced this morning that construction of new homes for the month of December fell by 4 percent to a seasonally adjusted annual rate of 557,000 from an upwardly revised 580,000. The results were lower than the 580,000 forecast by economists surveyed by Thomson Reuters.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.