Data released by the Commerce Department Wednesday morning showed new home sales in the U.S. fell sharply in the month of September.
The report said new home sales plunged by 5.5 percent to an annual rate of 553,000 in September from the revised August rate of 585,000.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.