New home sales in the U.S. unexpectedly showed a notable increase in the month of December, according to a report released by the Commerce Department on Tuesday.
The report said new home sales jumped by 3.7 percent to an annual rate of 621,000 in December after surging up by 9.1 percent to a revised rate of 599,000 in November.
Economists had expected new home sales to tumble by 8.7 percent to a rate of 600,000 from the 657,000 originally reported for the previous month.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.