The U.S. Census Bureau and the Department of Housing and Urban Development reported a seasonally adjusted annualized rate of 628,000 new home sales. While this figure fell short of a 3.4% growth projection, it comfortably surpassed the market consensus of 610,000 units. Revised data for May further bolstered the sector, lifting previous estimates from 580,000 to 618,000 units.
Gold touches $4,070 as June housing data beats consensus
A 1.6% rise in U.S. new home sales for June sparked a rally in precious metals, pushing spot gold to a session high of $4,069.98 per ounce. The uptick arrived despite a cooling annual trend, signaling resilience in a housing market long pressured by aggressive Federal Reserve rate hikes.
Despite the monthly gains, the sector remains sensitive to broader economic headwinds. Annual sales are down 5.6% compared to June 2025 levels of 665,000. Current inventory sits at 485,000 homes, which represents a 9.3-month supply at the prevailing sales pace. With the median new home price hitting $398,300, investors are monitoring these housing indicators as a barometer for the Federal Reserve’s future monetary policy. Following the 10 a.m. ET release, gold maintained its momentum, last trading at $4,061.76 per ounce, marking a 0.30% intraday gain.
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