New home sales in the U.S. rebounded in the month of December after falling for four consecutive months, according to a report released by the Commerce Department on Thursday.
The report said new home sales jumped by 1.6 percent to an annual rate of 842,000 in December after plunging by 12.6 percent to a revised rate of 829,000 in November.
Economists had expected new home sales to surge up by 2.9 percent to a rate of 865,000 from the 841,000 originally reported for the previous month.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
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.