- New home sales in the US increased modestly in July.
- The US Dollar Index remains below 93.00 after the data.
New Home Sales in the US rose 1% on a monthly basis in July to a seasonally adjusted annual rate of 708,000, data released jointly by the US Census Bureau and the Department of Housing and Urban Development showed on Tuesday. This reading followed June’s 26% contraction and was better than the market’s expectation of a 2.7% drop.
“Median sales price of new homes sold in July 2021 was $ 390,500. Median sales price was $ 446,000,” the publication reads.
Market reaction
This report received little to no market reaction and was last seen that the US dollar index it posted small daily losses at 92.93.
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