The Sales of new homes in the United States plummeted 11.3% during the month of May after rising 2% in April, as published by the Census Bureau. This is the largest drop recorded by the indicator since June 2022. The positive data is that the April data has been revised upwards from -4.7% to the current +2%.
In total, the nNumber of new home sales fell to 619,000 compared to the previous 698,000, worsening the 640,000 expected by the market.
He Median sales price of new homes sold in May 2024 was $417,400The average sale price was $520,000.
dollar reaction
The Dollar Index (DXY) has reacted to the data with a slight pullback below 106.00. In any case, the greenback is immersed in a strong bullish trend, since minutes before it reached an eight-week high at 106.13.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
