- 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.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
