New home sales fell 6.6% to 676,000 in May

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  • New home sales in the US continued to decline in June.
  • The US dollar index remains in negative territory near 92.60.

New Home Sales in the US they fell 6.6% monthly in June to a seasonally adjusted annual rate of 676,000, data published jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Monday. This reading disappointed market expectations of a 3.5% rise by a wide margin and followed May’s 7.8% drop.

“The median sales price of new homes sold in June 2021 was $ 361,800,” the publication further revealed. “The median sale price was $ 428,700.”

Market reaction

This report was largely ignored by market participants and the US Dollar Index was last seen losing 0.3% on the day at 92.65.

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