Real estate data in the USA

• Sales of new housing in the US, fact 689K, forecast 667K.
• Sales of new housing in the US (m / m), fact 6.7%, forecast 1.5%.

Sales of new housing in the US increased significantly in May, which may become a reason for the correction of the American dollar. As a result, the number of houses sold increased to the maximum value of January of this year, which corresponds to the maximum of the last 10 years.

Fig. 1. Chart of new home sales in the US

The US dollar index remains under pressure, limited to support levels: 94.40-30. Very positive statistics on the US can be as a driver for correction, but without the support of growing stock indices, this is unlikely.

Fig. 2. US dollar index Graph. The current price is 94.40 (the yield of 10-year government bonds is a blue line)

Read also: “Real Estate Market and Indices of Business Activity in Construction”

Andre Green