Sales of new homes in the U.S. came in at a higher than expected level in January according to figures released Friday by the Commerce Department.
The seasonally adjusted annual rate of 321,000 of new single-family home sales for January was notably higher than the 315,000 predicted by most economists.
However it actually represents a slight, 0.9 percent, drop from the revised December rate of 324,000.
The December sales rate was, however, revised significantly upward from the 307,000 sales rate initially reported, and marks the highest level of new home sales since December 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.