US: New Home Sales increase 7% in June vs 6% expected

The monthly data published by the US Census Bureau today showed that New Home Sales increased by 7% on a monthly basis in June following May's 8.2% contraction and came better than the market expectation for an expansion of 6%.

The US Dollar Index doesn't seem to be paying any mind to the data and was last seen at 97.60, down 0.1% on a daily basis.

"The median sales price of new houses sold in June 2019 was $310,400.  The average sales price was $368,600," the press release further read.