New home sales in the U.S. rose by much more than anticipated in the month of June, according to a report released by the Commerce Department on Wednesday, although the report also showed downward revisions to the data for the past few months.
The report said new home sales surged up by 8.3 percent to an annual rate of 497,000 in June from the revised May rate of 459,000.
Economists had expected new home sales to climb to an annual rate of 481,000 from the 476,000 originally reported for the previous month.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.