US May new home sales 763K vs 675K expected

<ul><li>Prior was 683K (revised to 680K)</li><li>Single family sales +12.2% vs +3.5% prior</li><li>Median sale price $416.3K vs $450.7K a year ago</li><li>Supply 6.7 months vs 7.6 months prior</li></ul><p>The US housing market is looking plenty strong. The question now is whether builders will ramp up activity planned for 2024 or stay cautious.</p>

This article was written by Adam Button at www.forexlive.com.