New home sales in the U.S. rebounded strongly from a substantially downwardly revised level in the month of November, according to a report released by the Commerce Department on Thursday.The Commerce Department said new home sales soared by 12.4 percent to an annual rate of 744,000 in November.However, the sharp increase came from a downwardly revised rate of 662,000 in October, which was down 8....
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Business News
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.