After reporting a sharp increase in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales saw continued growth in the month of October.
The report said new home sales rose by 0.4 percent to an annual rate of 745,000 in October after spiking 7.1 percent to a downwardly revised rate of 742,000 in September.
Economists had expected new home sales to decrease by 1.3 percent to an annual rate of 790,000 from the 800,000 originally reported for the previous month.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.